How to find cost of goods sold?

Question

1.16K viewsAccounting

0

Archie 0 Comments

I need to find the cost of goods sold for a company for some ratio calculations? Where can I find it or how can I calculate the cost of sales?

1 Answer

score 0 · Answer 1 · 2012-12-02T18:45:48+00:00

Cost of goods sold are found if you add the opening inventory, then you add the purchases that you have made during the year and then you deduct the closing inventory at the year end.