Cost of Goods Sold (CGS)

Posted 26 Jun 2011 — by
Category Inventory Cost

Cost of Goods Sold (CGS)   Formulas to remember first; Beginning Inventory + Purchases – Ending Inventory = Cost of Goods Sold Beginning Inventory + Purchases = Goods Available for Sale Goods Available for Sale – Ending Inventory = Cost of Goods Sold   There are four terms to remember beginning inventory, Purchases, ending inventory, [...]