Assertion: inventory's cost | /r/HasProperty | sold
Facets:
value: many times
type: TEMPORAL
Source sentences:
text: the Cost of Goods Sold (COGS) includes the purchasing costs of the raw materials, plus the manufacturing costs if there has been a transformation prior to selling the end product for a given time period.
text: When an inventory reserve is created, charge an expense to the cost of goods sold for the incremental amount by which you want to increase any existing inventory reserve (or use a separate account within the cost of goods sold classification), and credit the inventory reserve account.
text: The Cost of Goods Sold (COGS)
text: The Inventory account is increased with the cost of merchandise purchased from suppliers and it is reduced by the cost of merchandise that has been sold to customers.
text: Cost of goods sold / average inventory = how many times the inventory is sold