COGS
Storyboard Text
- So today class we will be talking about Cost of goods sold!
- Bru I aint got no clue whats even going on!!!!!
- I think I am starting to understand. SO basically if I had a company that bought snowboards to sell.
- Blah blah blah COGS blah blah SELLING/BUYING.
- I would need to potentially provide the materials needed for those snowboards. and calculate the expense of all that
- After finding the expense of making the snowboards($45) to then resell them. I will then be able to find my cost of goods sold
- Why are oranges called orange but apples are not called red!??!
- Eating a burger with no honey mustard, Eating a burger with no honey mustard, Eating a burger with no honey mustard
- And so... (not paying attention)
- Lets say my beginning inventory was 30 snowboards(selling at $60), during the month of December. I had 27 purchases during this month.
- Allowing me to get a COGS of 30+27-3 = 54?Yea imma be real I got ZERO idea if this is what my theoretical business number is but I think its good enough. considering I thought of all this in my head.
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