How do I calculate the cost of goods sold?
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How do I calculate the cost of goods sold?
beginning inventory mat.
add: net purchases
less: ending inventory mat.
=raw materials used
work in process, beg.
=work put in process
less: wrork in process end
=cost of goods manufacrured
finished goods, beg
=goods available for sale
less: finished goods, end
=cost of goods sold
Beginning Inventory + Net Purchases – Ending Inventory = COGS
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