COGS Calculator (Cost of Goods Sold)
FinanceCalculate Cost of Goods Sold from your beginning inventory, purchases, and ending inventory.
Cost of Goods Sold
The direct cost of the inventory your business actually sold during the period.
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Creators
Odeh Ahwal0people find this calculator helpful
Views
Helpful
Saved
Embeds
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Frequently Asked Questions
How is COGS calculated?
Cost of Goods Sold = Beginning Inventory + Purchases - Ending Inventory. It represents only the direct cost of the goods you actually sold, not your operating expenses.
Does COGS include shipping and labor?
It depends on your accounting policy, but COGS typically includes direct production or acquisition costs (materials, direct labor for manufacturers, inbound freight), while selling and administrative costs are kept separate as operating expenses.
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