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Cost of Goods Sold or COGS is the costs that go into creating the products that any company sell.
This is a simple COGS calculator that suitable for companies that run retail business with fast moving item. So, everytime you put your net purchases inside the table, the COGS will be adjusted automatically.
Shopping for daily needs is probably not as fun as when you take time to shop fashion items.

The only costs included in the measure are those that are directly tied to the production of the products.
This means that the order in which costs are removed from inventory can be different from the order in which the goods are physically removed from inventory.
For example, the COGS for a television set would include the material costs for the parts that go into making that television along with the labor costs used to put that television set together.
There several factors that can affect the choice of cost flow, and depend on your company policy.

The cost of sending those televisions to buyers and the cost of the labor used to sell it would be excluded.  That is the example of the basic interpretation of COGS. The accounts included in the COGS calculation will differ based on company’s type of business.

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