Cost of goods sold | COGS

Published: 29 October 2024
on channel: MA Accounting Hub

301

Cost of goods sold | COGS :
In this video you will learn how the cost of goods sold is calculated by using formula and it's impact on gross profit.
The formula is used to calculate the cost of goods sold is ;
COGS = Beginning Inventory + Purchases - Ending Inventory.
A lower COGS leads to a higher gross profit margin, while a higher cost of goods sold lead a lower gross profit.

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#Costofgoodssold
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#accounting

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