Figuring the cost of goods sold is simple if you sell dozens of interchangeable items. One non-stick frying pan is much like another, for instance, so you don't need to tie specific costs to a ...

As a manufacturer you must account for inventory in the form of raw materials (used to create their products), business supplies and finished products. Regardless of the type of manufacturing ...

Discover how the FIFO method simplifies COGS calculations, using examples and comparisons to enhance your financial ...

Inventory management is a critical skill for business managers and a major consideration for investors and economists. To understand the subtlety of this art, we can use a quantitative metric -- ...

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. Eric's career includes extensive work in both public and corporate accounting ...