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Audit problem - Obtain Cost of Goods Sold

edited Oct 6, 2023 11:25AM in Ask A Guru 9 comments

Hi there,

Our auditor perform audit our company want to obtain information to calculate Cost of Goods Sold (CGOS). But NS Income statement only capture Cost on each sales.

They calculate it as CGOS = Opening inventory + Purchase – Closing inventory

I tried to get data by the following report but the CGOS calculated has a big difference compare with CGOS on NS Income Statement report

Open Inventory from Inventory Valuation report

Purchase from from Purchase Order History

Closing Inventory from Inventory Snapshot

May I know how to get the following information include all adjustment made to those order and which report should use?

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