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Net sales for the Boron Company were $60,000, with $7,000 in beginning inventory, $35,000 in purchasing, and $5,000 in ending inventory. $37,000 is the cost of the sold goods.
Cost of Goods Sold is calculated as Beginning Inventory minus Purchases minus Ending Inventory.
$7000+$35000-$5000=$37000
The direct costs of producing the products that a business sells are referred to as its cost of goods sold (COGS). The cost of the labor and materials directly employed to make the good are also included in this sum. It doesn't include indirect expenditures like those associated with the sales staff and distribution. As a company's gross profit is calculated by subtracting COGS from its revenues, COGS is a crucial financial statement statistic.
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Within this cluster, you'll find that most of the careers require in order to have the knowledge and skills nee. If you're thinking about a career as an applied mathematician, you should consider researching the (STEM, Information Technology, or ArtsA/V Technology and preforming arts) cluster.
Answer:
$432.97
Explanation:
Total cost = cost of printer + cost of light + cost of photo paper
$251.99 + $150 + $30.98 = $432.97