A Note on Cost of Goods Sold How does "Cost of Goods Sold (CoGS)" tie in to the balance sheet? What is "Cost of Goods Sold" and how is it reported? The answer to this lies within the concept of ...

For the balance sheet, it's the total amount of income to be received that's logged into the books at the close of the fiscal year. Inventory is derived from the cost of goods table. It's the ...