Hi there, @ZGC07.
Thanks for visiting the Community. Yes, and I'm here to show you how it's calculated. It will help you to determine how much a company spent to produce their sold goods or services.
Here's the Cost of Goods Sold (COGS) formula:
(cost of inventory at the beginning of the reporting period)
+
(other inventory purchased for sale during the reporting period)
–
(cost of inventory remaining at the end of the reporting period)
=
cost of goods sold
Here's an article for more insights about how to calculate the COGS.
For future reference, read through this article for further details: Manually track inventory. It helps you learn about tracking the value of your inventory assets in QuickBooks Online.
I'll be here to assist you more if you have more questions about COGS. Take care.
