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Calculating Cost of Goods Sold (COGS)

Welcome! If you're looking to learn how to accurately calculate the Cost of Goods Sold for your business, you're in the right place. Our AI assistant is here to guide you through the process and answer any questions you may have.

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Calculating the cost of goods sold (COGS) involves a few key steps. Generally, you use the formula: COGS = Beginning Inventory + Purchases during the period - Ending Inventory. This helps you determine how much it cost to produce the goods you sold.

Are you trying to calculate COGS for a particular business or project? It might help us focus on the details that matter most to you!