Cost of Goods Sold (COGS) Urgent Quick Question
Hi everyone,
This financial statement totally confused me. What's the cost of goods sold here for 2008? Is it 84,616 or 71,527?
Thanks!!
Attachment | Size |
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Income Statement 228.69 KB | 228.69 KB |
Hi everyone,
This financial statement totally confused me. What's the cost of goods sold here for 2008? Is it 84,616 or 71,527?
Thanks!!
Attachment | Size |
---|---|
Income Statement 228.69 KB | 228.69 KB |
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Neither, it's $13,089. Beginning Inv (84,616) - Ending Inv (71,527) = COGS. You can also see this through Total Rev - Gross Profit.
Got it! Many thanks!! Sorry another quick question, in the cf statement there is a charge for acquisition of a website in the cash due to investing activities part. Is acquisition of website part of Capex?
So we're just going to ignore purchases, production, etc.?
Yes, because it's 0. I don't get why you would throw MS...
It's actually the 13,089 number (Revenue - Gross Profit). The two numbers you mentioned are goods purchased and ending inventory.
.
Dunno if it's my computer or something fucking up the format but on the left side it says COGS is 13,089 as well.
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