Finance

Cost of Goods Sold Calculator

Calculate COGS from inventory and purchases.

Calculated Output

Cost of goods sold ($) 55,000

Formula: COGS = beginning + purchases − ending

Step-by-Step Breakdown

1. Values used:

2. Beginning inventory = 20,000 $

3. Purchases = 50,000 $

4. Ending inventory = 15,000 $

6. Cost of goods sold = 55,000$

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The math behind it

COGS = beginning inventory + purchases − ending inventory.

$20k + $50k − $15k → $55k.

Includes labor?

Direct production labor and materials, yes; not overhead/admin.