What is the formula to determine the cost of goods sold? The cost of goods sold is obtained by adding the initial inventory value to the value of ...
What is the formula to determine the cost of goods sold?
The cost of goods sold is obtained by adding the initial inventory value to the value of net purchases and subtracting the final inventory value.
The cost of goods sold is obtained by adding the final inventory value to the value of net purchases and subtracting the initial inventory value.
The cost of goods sold is obtained by adding the initial inventory value to the value of gross purchases and subtracting the final inventory value.
The cost of goods sold is obtained by adding the initial inventory value to the value of net purchases and subtracting the final inventory value.
The cost of goods sold is obtained by adding the final inventory value to the value of net purchases and subtracting the initial inventory value.
The cost of goods sold is obtained by adding the initial inventory value to the value of gross purchases and subtracting the final inventory value.
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Rogeria Carolino
The correct formula to determine the cost of goods sold (COGS) is:
The cost of goods sold is obtained by adding the initial inventory value to the value of net purchases and subtracting the final inventory value.
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