The format of the "cost of goods sold,inventory,and purchases" budget is as follows:

Name: The format of the "cost of goods sold,inventory,and purchases" budget is as follows:
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The formula for the cost of goods sold, inventory, and purchases budget is usually stated as follows: Beginning inventory + Purchases - Ending inventory = Cost of goods sold. Therefore, to derive the cost of goods sold, the formula can be rearranged as Cost of goods sold = Beginning inventory + Purchases - Ending inventory.

The Format of the "Cost of Goods Sold,inventory,and Purchases" Budget