FORECASTING-COST

Operating Expenses Enumerated

  • Internet

  • Electricity

  • Salaries and Wages

  • Miscellaneous

Cost of Goods Sold (COGS) Definition

  • COGS refers to the total amount of merchandise sold for a specific period.

  • Merchandise Inventory:

    • Beginning: Goods at the start of the accounting period.

    • Purchases: Total spent on newly acquired goods.

    • Ending: Goods remaining at the end of the accounting period.