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Cost of goods available for sale is the maximum amount of goods, or inventory, that a company can possibly sell during an accounting period.It has the formula: [1] Beginning Inventory (at the start of accounting period) + purchases (within the accounting period) + Production (within the accounting period) = cost of goods available for sale
On October 8, 2018, Facebook, Inc. announced the sale and shipment of the 10.1-inch (25.7 cm) Portal and the 15.6-inch (39.6 cm) Portal Plus. [9] [10] The second generation of Portal devices was announced on September 18, 2019; the second-generation Portal and Portal Mini were released on October 15, while Portal TV was released on November 5.
Cost of goods sold (COGS) (also cost of products sold (COPS), or cost of sales [1]) is the carrying value of goods sold during a particular period. Costs are associated with particular goods using one of the several formulas, including specific identification, first-in first-out (FIFO), or average cost.
where DII is days in inventory and COGS is cost of goods sold. The average inventory is the average of inventory levels at the beginning and end of an accounting period, and COGS/day is calculated by dividing the total cost of goods sold per year by the number of days in the accounting period, generally 365 days. [3]
What Facebook Is Worth. Facebook’s Share Price, 52-Week Range. $137.10 – $304.67. Facebook’s Market Cap, 52-Week Range. $329.04B-$731.2B. 2020 Revenue
In accounting, lower of cost or market (LCM or LOCOM) is a conservative approach to valuing and reporting inventory. Normally, ending inventory is stated at historical cost . However, there are times when the original cost of the ending inventory is greater than the net realizable value , and thus the inventory has lost value.
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