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The formula to compute cost of goods sold is
merchandise available for sale plus ending inventory
merchandise available for sale plus net purchases.
merchandise available for sale minus ending inventory
merchande available for sale plus beginning inventory

Ask by Higgins Martinez. in the United States
Mar 27,2025

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The cost of goods sold is calculated by subtracting the ending inventory from the merchandise available for sale.

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To compute the cost of goods sold (COGS), you use the formula: merchandise available for sale minus ending inventory. This calculation helps businesses determine the total cost of inventory that has been sold during a specific period, giving insights into their profitability.
In real-world application, understanding COGS is vital for financial reporting and tax calculations. By accurately calculating COGS, businesses can assess their gross profit and make informed decisions on pricing, inventory management, and overall business strategy. This ensures a healthy financial outlook and aids in strategic planning.

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