Calculate cogs5/1/2023 Ending inventory is the value of inventory at the end of the year. Cost of goods is the cost of any items bought or made over the course of the year. (Beginning Inventory + Cost of Goods) – Ending Inventory = Cost of Goods SoldĪt the beginning of the year, the beginning inventory is the value of inventory, which is actually the end of the previous year. What Is the Cost of Goods Sold Formula? Method OneĬost of goods sold is calculated using the following formula:
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