Download Printable Cost of Goods Sold Calculator Templates

Download Printable Cost of Goods Sold Calculator Templates

Download Printable Cost of Goods Sold Calculator Templates

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Download Printable Cost of Goods Sold Calculator Templates

If you are running a company or if you are working as an accounting, you will be familiar with the meaning of Cost of Goods Sold or usually known as CoGS. There are two company types (in accounting terms) that use CoGS as part of their Profit and Loss calculation, merchandising and manufacturing companies.

In merchandising companies, CoGS is similar with purchasing price from those companies to their suppliers. But, in manufacturing companies, COGS is the costs that go into creating the products that a company sells; therefore, the only costs included in the measure are those that are directly tied to the production of the products.

For example, the COGS for an mobile phone maker would include the material costs for the parts that go into making the mobile phone along with the labor costs used to put the mobile phone together. The cost of sending the mobile phones to buyers and the cost of the labor used to sell it would be excluded. That is the example of the basic interpretation of COGS. The accounts included in the COGS calculation will differ from one type of business to another.

Title Download Printable Cost of Goods Sold Calculator Templates
Categories Accounting, Excel Template, Templates
Primary Article Cost of Goods Sold Calculator.