accy201 at Ole Miss

7. COGS

in Chapter 4 (Video 7 of 10)
How can we figure out COGS under the periodic inventory system? By making up a formula, of course.

This Video Mentioned Some Formulas

Beginning Inventory
+ Net Purchases
– Ending Inventory
COGS
Beginning Inventory
+ Net Purchases
– COGS
Ending Inventory
Sales Revenue
– Sales Returns and Allowances
– Sales Discounts
Net Sales
Purchases
– Purchase Returns and Allowances
– Purchase Discounts
Net Purchases
+ Transportation In
Cost of Goods Purchased

Did I miss anything in Chapter 4?

What Did I Miss?