The cost of goods sold reflects the selling price of the merchandise sold over a peri

vic33 Posts: 1, Reputation: 1

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Oct 7, 2012, 04:52 PM

The cost of goods sold reflects the selling price of the merchandise sold over a peri

Hkj

pready Posts: 3,197, Reputation: 207

Ultra Member

Oct 7, 2012, 04:54 PM

Cost of Goods Sold is your cost of Merchandise, not the selling price. The selling price should be higher than Cost of Goods Sold.

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