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This article outlines what Cost of Goods Sold is, how to calculate it, and other crucial information you need to know. Let's dive in!

Research and developmentGoods soldInventory levelsDetermining gross marginFinancial performanceIncome statementsGross profitOverhead rateProducts accuratelyCalculate costOpening inventoryCost of goods soldInventory managementFinancial planningCash flow managementEfficient internal control system