![A Simple Equation to Calculate Cost of Goods Sold in 2024](https://www.inflowinventory.com/wp-content/uploads/2022/08/COGS-Hero-1-1080x675.png)
by Olivia Barnes-Brett | Aug 4, 2022 | Accounting
How much you spend on inventory has a huge impact on your business. Luckily, knowing the right accounting formulas makes managing your costs a lot easier. Today, we’re looking at cost of goods sold (COGS), why it’s important, and the simple COGS formula....