what is cost of goods sold ?
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Answer / venkatesh
Sales minus gross profit is known as Cost of goods sold
| Is This Answer Correct ? | 24 Yes | 4 No |
Answer / b.swapna kothagudem
COGS= openingstock+purchase+directexpenses-closingstock
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / s.geetha
All the factory level expenses reduced from the sales
(or)
(purchases+all expenses)-sales=cogs
| Is This Answer Correct ? | 6 Yes | 4 No |
Answer / muhamed
Cost of Goods Sold Is nothing but It Can be directly
identified in the end Product.
Formula:
.Beginning Inventory + Purchases = Goods Available for Sale -
Ending Inventory = Cost of Goods Sold.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / srinivas
it is Opening stock + Purchases + direct expenses- closing
stock
| Is This Answer Correct ? | 2 Yes | 1 No |
COST OF GOODS SOLD =
OPENING STOCK + NET PURCHASE - STOCK AT THE END + DIRECT
EXPENSES
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / durga rao
cost of good sold is opening stock+purchage+all expences-
sales+closing stock
| Is This Answer Correct ? | 5 Yes | 5 No |
Revenue from sale of products is generally realized in the period in which 1.Cash is collected 2.When sale is made
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