Sunday, May 25, 2008

Calculate Cost of Goods Sold

In order to Calculate Cost of Goods Sold Use the Following Chart:

Schedule of Cost of Goods Sold

Beginning Inventory

Plus: Purchases

Plus: Transportation-in

Less: Purchase Returns and Purchase Allowances

Less: Purchase Discounts

Cost of Goods Available for Sale

Less: Ending Inventory

Cost of Goods Sold

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The information on this site is for informational purposes only and should not be used as a substitute for the professional advice of an accountant, tax advisor, attorney, or other professional.