What is the formula for cost of sales?
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Subtract the value of your inventory at year-end. This will provide you with your cost of sales. Expressed as a formula: beginning inventory + inventory purchases and expenses - ending inventory = cost of sales, also known as cost of goods sold.
2023-05-12 15:01:33
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Ethan Brown
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Subtract the value of your inventory at year-end. This will provide you with your cost of sales. Expressed as a formula: beginning inventory + inventory purchases and expenses - ending inventory = cost of sales, also known as cost of goods sold.