what is cost of goods sold?

Answer Posted / jagadeesh.rt

Where the cost of expenditure incurred for the production
of product from the stage of conversion of raw material to
finished product. where cost of goods can be state as :
COGS=Opening stock+purchases+manufacturing expenses/direct
expenses-Closing stock

Is This Answer Correct ?    6 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Define Salry for the following purpose 1.To calculate HRA

1833


You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6

1127


Expand---------DEP

1586


can any one send me payables real time scenarious or any projects

1742


Clasify Loss

1715






.,can someone tell me how to compute the subscribed capital share?

1929


What is Direct Debit

1801


Anyone whose sbi interview has been over , please share all the question asked by them

1603


If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?

1695


Comments Elements in accounting

1493


Short Answer on ______________Import Trade

1530


your parents have lent you $20,000 to buy a car and have told you to pay it back whenever you like in conceptual framework

1485


with out college degree con't we dc accounting job?

1677


euro currency market

1577


What is back value adjustment/correction in Nostro Reconciliations?

7297