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Cost Of Goods Sold (COGS) explained
11:12
YouTubeThe Finance Storyteller
Cost Of Goods Sold (COGS) explained
Cost Of Goods Sold, or COGS. This video explains Cost Of Goods Sold in an easy to understand way. We will start off with some examples of Cost Of Goods Sold from the real world, discuss how COGS relates to gross profit and inventory, review the #COGS formula, and calculate Cost Of Goods Sold using both the FIFO and the LIFO methods. If you are ...
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