As the head of the production department, you may need to make a document named cost of goods sold statement to indicate the overall cost of goods sold to customers in a defined period of time and it can be formatted via the cost of goods sold excel templates. Excel-based cost of goods sold templates are available for you to provide you the aid when making the cost of goods sold excel statement for your business or company. The cost of goods sold is basically the sum of the cost of goods or merchandise that was sold to customers of the company.
More About Cost of Goods Sold Template
The cost of goods sold is mentioned in financial statements when the sales revenues generated by the goods sold are reported to calculate the accurate amount of profit or income generated by the company. Cost of goods sold sample does not include overhead expenses related to the general operation of the company or business just like warehouse charges, rent, delivery expense, etc.
The cost of goods sold is also named as COGS in financial reports and must be reported carefully with accurate figures and amounts. You may face troubles if you are making a cost of goods sold statement for the very first time so try to use our cost of goods sold templates excel if you really want to stay away from mistakes while doing so. All of these templates are made in MS Excel so that you can easily download and edit the contents of the COGS statement sample as per your requirements.
COGS is generally stated in the income statement and can be deducted from overall revenue to calculate a business organization’s gross profit. Cost of goods sold template has basic formulas and formats that make the calculation easier and automatic. This way, you can get rid of manual calculation and formatting. The cost of goods sold excel templates are not prepared for a particular business or industry even anyone can download and edit the template to make it fit for individual business needs.
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Example Cost of Goods Sold Excel Template
