Cost of Goods Sold
Write a 200- to 300-word paragraph answering the following questions:
- How would you calculate cost of goods sold?
- What items make up cost of goods sold?
Format your paragraph consistent with APA guidelines.
How would you calculate cost of goods sold?
Calculating the cost of goods sold in businesses can be complicated depending on the complexity of manufacturing process and the total number of goods. For this reason, many people find it difficult to calculate the cost of goods sold in their businesses. Therefore, for one to calculate the cost of goods sold, he or she needs a tax profession. The following is example of an equation used to calculate the cost of goods sold……………….
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