How do you get the Cost of Goods Sold for a condensed income statement?

I can't seem to understand it.

Very simple concept.

You start with the OPENING BALANCE of STOCK, you add the PURCHASES and you subtract
The CLOSING BALANCE of STOCK.

Quote:

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Originally Posted by ROLCAM

Very simple concept.

You start with the OPENING BALANCE of STOCK, you add the PURCHASES and you subtract
the CLOSING BALANCE of STOCK.

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Thanks so much!