Cost of Goods Sold on the Income Statement
{"Image DocumentName": "Cost of Goods Sold on the Income Statement", "Image ImageDescription": "The total cost of all the items sold is usually the biggest expense figure for a merchandising business. The formula for finding the cost of goods sold is as follows: Cost of beginning inventory + cost of merchandise purchased - cost of ending inventory. = cost of merchandise sold. There are now six new headings on the income statement.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}