Cost of Goods Sold

Cost of Goods Sold

Cost of Goods Sold is the true cost of selling retail items taking into account the cost of purchasing resale items and the price charged customers for those same items after all discounts and adjustments. Given that items are purchased for resale at different times and different prices and those same items are then resold at different times and different prices, computing Cost of Goods Sold (CoGS) could be a complex matter.

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