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✓ Published: 30-Apr-2024
✓ Published: 30-Apr-2024
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_what-is-the-inventory-and-cogs.webp "Inventory and Cost of Goods Sold (COGS) are closely related concepts in accounting, particularly in the context of manufacturing, retail, and other inventory-based businesses.<br/><br/>Inventory:<br/>Inventory refers to the goods that a company holds for the purpose of selling to customers in the ordinary course of business. It includes raw materials, work-in-progress (partially completed goods), and finished goods awaiting sale. Inventory is classified as a current asset on the balance sheet because it is expected to be converted into cash or sold within the normal operating cycle of the business.<br/>Cost of Goods Sold (COGS):<br/>COGS represents the direct costs associated with producing the goods that a company sells during a specific period. It includes the cost of materials used in production, direct labor costs, and overhead costs directly attributable to production activities. COGS is reported on the income statement and is deducted from revenue to calculate gross profit.<br/>The relationship between inventory and COGS is straightforward:<br/><br/>At the beginning of an accounting period, the company has a certain amount of inventory on hand from the previous period.<br/>During the period, the company purchases additional inventory, produces goods, and sells products to customers.<br/>The cost of the inventory sold during the period is recorded as COGS on the income statement. This amount is calculated based on the cost of the inventory that was on hand at the beginning of the period, plus any additional inventory purchases made during the period, minus the value of inventory remaining at the end of the period (ending inventory).<br/>Ending inventory is reported as a current asset on the balance sheet, representing the value of unsold goods at the end of the accounting period.<br/>In summary, inventory represents the goods a company holds for sale, while COGS represents the cost of those goods that have been sold during a specific period. Tracking inventory and accurately calculating COGS are critical for determining a company's profitability and managing its cash flow effectively.")
_scientists-in-australia-convert-landfill-gas-to-39sustainable39-jet-fuel.webp "Researchers at an Australian university have developed a way to use the gasses emitted from garbage to produce what they say is sustainable jet fuel.")
_youtube-video-downloader-must-watch.webp "CLICK Here: http://bit.ly/FreeDownloadYouTubeVideosnnnThank you for watching my video on Youtube Video Downloader. If you are looking to download a lot of youtube videos, looking to download for free, looking to Youtube Video Downloader in HD, looking to convert your Youtube Videos, or looking to learn how to Youtube Video Downloader, you will find fantastic information regarding this subject inside my video.nnSo, there are a lot of things out there, that teach people how to Youtube Video Downlo")
_amha-15-mp4-muxed.webp "amha-15.mp4-muxed from convert mp4 to video online")
_experiment-01-part03-max-patch-view.webp "Documentation Part 3: sculpture with lights & 6 channel audio controlled by Max patchnnThis is an experiment, not a final work.Been teaching myself Max and am testing stuff out in the studio. Audio files are grabbed from my old video projects. Just throwing them together a bit willy nilly-- it's not that deep! The mechanics of the Max patch is where 85% of my focus goes.nnI used OBS to do a screen capture of my patch in action, and ingest video from my webcam. Yes, Max can grab webcam fr")
_192-winterlights.webp "Originally uploaded: November 22nd, 2022<br/><br/>YouTube Link: https://youtu.be/qSvLrPhqJXw<br/><br/>Filename<br/>Winterlights!.mp4<br/><br/>YouTube Description: <br/><br/>Christmas lights! Pretty! <br/><br/>Connect With Me:<br/>BONFIRE: NEW SHIRTS OUT NOW! https://www.bonfire.com/aleshapeterson/<br/>BONFIRE STORE: https://www.bonfire.com/store/aleshapeterson/<br/>Tik Tok: Dinnerrollgirl <br/>Facebook: Alesha \")
_1-mp4.webp "1.mp4 from convert mp4 to video online")
_experiment-01--parts-1-and-3-combo.webp "Documentation Parts 1& 3 combo: sculpture with lights & 6 channel audio controlled by Max patch.nFirst a view of the sculpture in action, then a view of the patch in action.nnThis is an experiment, not an art work.I’ve been teaching myself Max, an interactive software that lets me programlights, route audio,and schedule these events. In this experiment, I grabbed the audio files from old video projects. I’ve just been throwing them together kinda willy nilly—sampling from the")
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_experiment-01--parts-1-and-3-combo.jpg)
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