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COGM, COGS and Closing Stock

former_member183818
Contributor
0 Kudos
165

Dear Experts,

Kindly confirm whether the way I am calculating closing stock is correct.

(Opening Stock of Finished / Semi Finished Goods

+

COGM)

-

COGS

= Closing Stock of Finished / Semi Finished Goods

If not then how should the closing stock calculated.

Please Help. Thanks

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Yes it is correct

Thanks &regards

shankarchitupolu

Answers (1)

Answers (1)

former_member183818
Contributor
0 Kudos

Thanks