Understanding the Cost of Goods Sold -

Understanding the Cost of Goods Sold - cost of goods sold To make a quick recap, the cost of goods sold equals the sum of the beginning inventory cost and the purchases during the year, minus the cost pgsoft Cost of Goods Sold = $1,000,000 + $700,000

pgsoft The Cost of Goods Sold only relates to the money spent on acquiring or manufacturing the products you sell during a given period As an e-

queen of bounty COGS is sometimes referred to as cost of merchandise sold Some companies that sell a mix of products and services prefer the term 'cost of revenue ' The cost of goods sold is a crucial metric in financial statements, particularly the income statement It represents the direct costs