Summary
Calculate cost of goods sold from inventory and purchases.
Calculation details
Use consistent costing methods across the period.
Formula
COGS = beginning inventory + purchases − ending inventory.
Worked example
Worked example
COGS is $75,000.
How it works
Enter beginning inventory, purchases, and ending inventory with a consistent costing method.
Frequently asked questions
What does the COGS Calculator calculate?
Use consistent costing methods across the period.
Should I use this result for financial reporting?
Use it as an estimate and verify reporting, accounting, tax, and legal treatment with qualified professionals.