Cost of goods sold (COGS) denotes the carrying value of goods and raw materials sold to customers during specific period.

Calculator of Cost of Goods Sold

Select Currency =
Beginning inventory =
Purchases =
Ending inventory =
 
COGS =

Formula of Cost of Goods Sold

Cost of goods sold = Beginning inventory + Purchases – Ending inventory

Example of Cost of Goods Sold

Beginning inventory of a company was $16000 and the company purchased new inventory for the cost of $5000. Ending inventory of the company was $10000.Calculate the cost of goods sold in a year.

Given:

Beginning inventory = $16000
Purchases = $5000
Ending inventory = $10000

To Find Cost of goods sold

Solution:

COGS = Beginning inventory + Purchases – Ending inventory
= 16000 + 5000 – 10000
= 21000 – 10000
= $11000

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