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What items make up cost of goods sold?

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What items make up cost of goods sold? How does beginning and ending inventory affect cost of goods sold? How does school organization calculate cost of goods sold?

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This solution defines the cost of goods sold in 200 words.

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Cost of goods sold means the cost incurred for the manufacture of goods or purchase of goods. In case of manufacturing concern, the direct material used in production(opening stock+ purchases-closing stock of material), direct labor assigned to the production, depreciation of factory building and plant ...

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