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2 resources from ledgergurus.com we point founders to, and the questions each answers.

📄 Article
✓ Link checked Free Beginner

Why we picked it An ecommerce-accounting firm's step-by-step COGS formula, useful as the accounting-correct companion to the more operational landed-cost guides.

How to Calculate Cost of Goods Sold (COGS)

From ledgergurus.com by LedgerGurus

  • COGS = Beginning Inventory + Purchases - Ending Inventory
  • Extended formula adds freight-in, subtracts discounts and returns
  • COGS drives gross profit on your P&L directly
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📄 Article
✓ Link checked Free Intermediate

Why we picked it Goes deeper than the beginner explainers on how landed cost flows into inventory accounting and eventually into COGS when a unit sells.

Understanding Landed Cost: What It Is and How to Calculate It

From ledgergurus.com by LedgerGurus

  • Landed cost sits on the balance sheet until the unit sells
  • At sale, landed cost per unit moves into COGS on the P&L
  • Getting this wrong distorts both inventory value and margin
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