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Cost of Goods Sold Calculator

Calculate COGS for periodic and perpetual inventory systems. Includes FIFO, LIFO, weighted-average methods and financial metrics.

Inputs

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Calculation Method

Beginning Inventory Cost ($)

Purchases Cost ($)

Purchase Discounts ($)

Purchase Returns ($)

Freight In ($)

Ending Inventory Cost ($)

Net Sales ($)

Inventory Valuation Method

Beginning Inventory Units

Purchases Units

Ending Inventory Units

Direct Materials ($)

Direct Labor ($)

Manufacturing Overhead ($)

Work in Process - Beginning ($)

Work in Process - Ending ($)

Industry

Results

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What is Cost of Goods Sold?

Cost of Goods Sold (COGS) represents the direct costs of producing goods sold by a company. It includes the cost of materials and labor directly used to create the product. Understanding COGS is crucial for calculating gross profit, setting prices, and managing inventory efficiently. This calculator supports multiple inventory valuation methods (FIFO, LIFO, Weighted Average) for periodic and perpetual inventory systems.

How to use

Select your calculation method (Periodic, Perpetual, or Manufacturing). Enter beginning inventory, purchases, adjustments (discounts, returns, freight), and ending inventory. The calculator computes COGS, gross profit, gross margin, inventory turnover ratio, and provides performance analysis against industry benchmarks.