Cost of Goods Sold (COGS) Quiz

Grace runs a small bakery. At the beginning of the month, her inventory was valued at ₱8,000. During the month, she purchased additional supplies worth ₱12,000. By the end of the month, her remaining inventory was valued at ₱5,000. Calculate the Cost of Goods Sold (COGS) for Grace's bakery.

Avery runs a small bookstore. At the beginning of the month, she had a Beginning Inventory of ₱5,000 worth of books. During the month, she purchased additional books for ₱15,000. By the end of the month, her Ending Inventory was valued at ₱3,000. Calculate the Cost of Goods Sold (COGS) for Avery's bookstore.

Ethan runs a small business selling handmade crafts. He wants to calculate the Cost of Goods Sold (COGS) for the month. His Beginning Inventory is ₱10,000, he made Purchases worth ₱25,000, and his Ending Inventory is ₱7,000. Can you help him with this calculation?

Benjamin runs a small bookstore. He wants to calculate the Cost of Goods Sold (COGS) for the month. His Beginning Inventory is ₱3,000, he made Purchases worth ₱10,000, and his Ending Inventory is ₱2,500. Can you help him with this calculation?

Calculate the Cost of Goods Sold (COGS) for Zoe's bakery. Beginning Inventory: ₱7,500 Purchases: ₱20,000 Ending Inventory: ₱5,000

Oliver runs a small business selling handmade crafts. He needs to calculate his expenses to understand his profits better. What does COGS stand for?

• Cost of Goods Sold

• Cost of General Sales

• Cost of Gross Sales

• Cost of General Stock

Abigail runs a small bakery. Which of the following is NOT part of her Cost of Goods Sold (COGS)?

• Beginning Inventory

• Purchases

• Ending Inventory

• Electricity Bill

Ethan runs a small bookstore. If the beginning inventory of books is ₱6,000, purchases made during the month are ₱14,000, and the ending inventory is ₱4,000, what is the COGS?

• ₱18,000

• ₱16,000

• ₱12,000

• ₱10,000

In a small bookstore owned by Ethan, which component decreases the value of COGS?

• Beginning Inventory

• Purchases

• Ending Inventory

• None of the above

Isla owns a bakery and wants to understand her expenses better. Which of the following businesses will most likely use COGS computation?

• Bakery

• School

• Real Estate

• Call Center