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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?

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This helps in computation of cost of goods sold

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What items make up cost of goods sold?

It will include manufacturing cost and adjustments of inventory. Hence it will include direct costs such as material cost, labor cost and manufacturing overheads.

Cost of 'goods manufactured and sold' shall include all costs of ...

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