Cost of Goods Sold Calculator

Calculate COGS for inventory management and gross profit analysis

âœ“ Inventory tracking âœ“ Gross profit âœ“ Cost analysis

COGS Calculator

Inventory Information

Beginning Inventory ($)

Ending Inventory ($)

Purchases During Period ($)

Purchase Returns ($)

Direct Costs

Direct Materials ($)

Direct Labor ($)

Manufacturing Overhead ($)

Freight In ($)

Revenue Information

Total Revenue ($)

Units Sold

Time Period

Calculation Method

About This Calculator

Calculate Cost of Goods Sold using different methods for accurate financial analysis

COGS Formula:

COGS = Beginning Inventory + Purchases - Ending Inventory

Calculation Methods

Inventory Method: Uses beginning/ending inventory

Direct Cost: Sums all direct production costs

Combined: Uses both methods for comparison

How to Use

Enter beginning and ending inventory values
Input purchases made during the period
Add direct costs (materials, labor, overhead)
Include total revenue and units sold
Select calculation method and time period
Review COGS analysis and gross profit

COGS Components

Direct Materials

Raw materials directly used in production.

Direct Labor

Wages for workers directly involved in production.

Manufacturing Overhead

Indirect costs like utilities, equipment depreciation.