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    kate1129's Avatar
    kate1129 Posts: 1, Reputation: 1
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    #1

    Jun 27, 2010, 01:24 AM
    Formula for cost of goods sold
    Please provide the formula for cost of goods sold
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jul 1, 2010, 01:38 AM

    If you're talking about the periodic method of solving for it:

    Beginning Inventory
    + Net Cost of Purchases
    = Total Available for Sale
    - Ending Inventory
    = Cost of Goods Sold

    If you're talking about something else with some other type of information given, we'd have to know what that was.
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