How To Calculate Cost Of Goods (COG)

HOW TO CALCULATE COST OF GOODS (COG)
In this 5-minute, online class, you’ll learn the definition of cost of goods (COG), and how to calculate cost of goods for each of the products in your small business. Small business owners often mix up “cost of goods” and “overhead/fixed” costs – you’ll learn the difference between these two broad categories of expenses. You’ll discover the easy formula for figuring the cost of goods percentage (COG %) for each product. You’ll also find out how to track your cost of goods from month to month, how to lower your cost of goods, and what to do if your cost of goods goes up.

NEXT STEPS
Check out fiveminuteclasses.com/small-business-financial-… for recommendations for next steps to take and to download free small business worksheets, including a cost of goods worksheet and a cash flow worksheet.

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