Cost of Sales Formula?

by Fahad

What is the cost of sales formula?

Comments for Cost of Sales Formula?

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by: Anonymous

Hi I want to ask about the following:

Inventory(1 March20.2) - 170000
purchases -350000
sales returns -1200
purchases returns - 2000
closing inventory -160500

What is the cost of sales figure?

by: waqas

CGS = opening inv + purchases - closing inv

Cost of sales formula
by: Patrick

Purchases X
Add closing stock(inventory) X

Less opening inventory(stock) (X)

Cost of sales X

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