The following equation -- Beginning finished goods + cost of goods manufactured - ending finished goods -- is used to calculate cost of goods sold during the period.

Question

Quizplus · Accepted Answer

This equation accurately represents the calculation for the cost of goods sold (COGS) during a period, taking into account the beginning inventory of finished goods, adding the cost of goods manufactured during the period, and subtracting the ending inventory of finished goods to determine the total cost of goods that were sold.

The Following Equation -- Beginning Finished Goods + Cost of Goods