Cost of goods sold has to do with the amount which the retailer has paid for goods actually resold. It includes the invoice cost, discounts, rebates, shrinkage and freight charges.
The formula to compute the cost of goods sold is: opening stock at cost plus purchases at cost less closing stock at cost
Other Database Pages Exist for this Phrase:
Goods (Goods are tangible products for sale that can be ...)
Alternative Spellings (Synonyms): costs
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(#)The daily puzzle:
What does '*****' mean in the following text?
"A *****, also referred to as a wood or the woods, is an area with a high density of trees. As with cities, depending on various cultural definitions, what is considered a ***** may vary significantly in size and have different classifications according to how and of what the ***** is composed. A ***** is usually an area filled with trees but any tall densely packed area of vegetation may be considered a *****, even underwater vegetation such as kelp *****s, or non-vegetation such as fungi, and bacteria."
The answer and more
