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Cost of goods sold.

Q: Cost of goods sold in cost accounting?

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Cost of goods sold.

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Cost of goods sold is the total cost incurred for goods manufacturing while cost of goods sold statement is the document which shows the calculation of cost of goods sold.

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How do you calculate cost of goods sold for a manufacture company

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a decrease in the LIFO reserve is subtracted from LIFO cost of goods sold.

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Annual cost of goods sold / 365

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