Question: COGS and Inventory Valuation. 1. COGS is an acronym, what do the letters stand for? 2. There is a formula for calculating COGS.. list the

COGS and Inventory Valuation. 1. COGS is an acronym, what do the letters stand for? 2. There is a formula for calculating COGS.. list the formula. Ex.. COGS = Then, define each variable in the COGS formula, and tell me where do the associated numbers/values for each variable come from. 3. Define the term Inventory Valuation. Define it and explain.

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1 COGS stands for Cost of Goods Sold 2 The formula for calculating Cost of Goods Sold COGS is COGS Opening Inventory Purchases Closing Inventory Where ... View full answer

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