Cost of Goods Sold
Presentation
•
Business
•
10th Grade
•
Practice Problem
•
Easy
Joy Luga
Used 17+ times
FREE Resource
5 Slides • 3 Questions
1
TLE 10
Q4 W1
2
Open Ended
Color of your shirt + What you just ate = Your fictional name
3
Objectives for Today
Identify the formula for Cost of Goods Sold
Understand what makes the Income Statement
Revenues and Expensees
4
COGS Formula
Beginning Inventory + Purchases - Ending Inventory
5
TGAS (Total Goods Available for Sale)
Beginning Inventory + Purchases
6
For example: Your business' beginning inventory is recorded on January 1 and ending is recorded on December 31. You have a beginning inventory of 500,000 PHP, made purchases valued at 250,000 and is left with an ending inventory of 150,000. Use the COGS formula.
Beginning Inventory + Purchases - Ending Inventory
7
Open Ended
You have a beginning inventory of 1,750,000 PHP, made purchases valued at 750,000 and is left with an ending inventory of 850,000.
8
Open Ended
Hatdog Corp had a beginning inventory of 25,000 PHP, made purchases valued at 10,000 and is left with an ending inventory of 10,000.
TLE 10
Q4 W1
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