Cost of Goods Sold

In an accounting period, the difference between: (a) the cost of goods available for sale during the period (which is the sum of the cost of goods on hand at the beginning of the period plus the cost of goods acquired or produced during the period) and (b) the cost of goods on hand at the end of the period. (II-15, 16)

Authorization Path: 2.2.5.2.43.1