Cost of goods sold calculator
Calculate cost of goods sold from opening, purchases, and closing.
Result
Cost of goods sold calculator
Cost of goods sold
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Enter opening inventory, purchases, and closing inventory.
Ballpark estimate, check before you buy or quote.
A simple estimate, not advice.
Estimate for planning only. This is not tax, legal, accounting or financial advice. Results depend on the figures you enter. Check all numbers, rates and rules with the official source or a qualified professional before relying on them.
How this works and common questions
About this tool
Cost of goods sold is opening inventory plus purchases, minus closing inventory. A simple estimate, not advice. Nothing you type is stored or sent.
How it works
Add opening inventory and purchases. That sum is the goods available. Subtract closing inventory. The result is the cost of goods sold, to the cent, with no rounding step.
Rules
Zero is allowed in any field. A negative result means closing inventory is higher than opening plus purchases. The page shows that figure. A simple estimate, not advice.
Questions
How is the example worked out?
Opening inventory of $12,000.00 plus purchases of $4,500.50 is $16,500.50 available. Minus closing inventory of $9,250.25, the cost of goods sold is $7,250.25. No rounding is applied.
What if closing inventory is higher?
The result is negative. That can happen when the figures you type show inventory going up by more than the purchases. The page says so and still shows the number.
Does this file a return or pick an inventory method?
No. It only subtracts the closing figure you type from opening plus purchases. A simple estimate, not advice.
Do I need an account?
No. The tools work without one. You only need to sign in to save your work.
Is what I type saved?
No. Nothing is saved unless you sign in and choose Save. Otherwise it stays on the page.
Do you show ads or sell my information?
No. We show no ads and we do not sell your information.
Is this tax or legal advice?
No. Results are estimates for planning. Check rates and rules with the official source or a qualified professional.
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Estimate for planning only. This is not tax, legal, accounting or financial advice. Results depend on the figures you enter. Check all numbers, rates and rules with the official source or a qualified professional before relying on them.