Cost of Goods Sold: Introduction, Components, Formula

cost of goods sold Cost of Goods Sold refers to the direct expenses incurred by a business in producing or acquiring the goods it sells It includes the cost of raw

Determine the ending inventory balance To get the cost of goods sold for your final product, you must first deduct any costs associated with materials or coming of age It is calculated by adding up all the direct costs associated with the production or acquisition of the goods that a company sells during a specific accounting