Cost of goods sold Calculation - Cost Of Sales
An online cost of sales calculator for examining the cost of goods sold calculation.
Cost of goods sold = Beginning inventory + Purchases - Ending inventory
How to Calculate COGS
Beginning inventory: Inventory recorded on fiscal year ended 2017 = $3.72 million
Ending inventory: Inventory recorded on fiscal year ended 2018 = $3.85 million
Purchases during 2018: Using the information above = $11.2 million
Using the formula for COGS, we can compute: $3.72 + 11.2 - 3.85 = $11.07 million.