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    elcapitan60's Avatar
    elcapitan60 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    May 8, 2010, 12:38 PM
    Cost of good sold
    Define Cost of Goods Sold
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    May 8, 2010, 04:47 PM

    Opening balance of Inventory,
    PLUS
    Purchases of Goods during the period.
    LESS
    Closing balance of Inventory.
    EQUALS
    Cost of Goods Sold.
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