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Politics : Ask Michael Burke
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To: Sanjay Mazumdar who wrote (87604)12/27/2000 10:49:06 AM
From: accountclosed  Read Replies (2) of 132070
 
i suppose if you are on fifo inventory you could have negative cost of goods sold since

cgs = purchases + beginning inventory - ending inventory.

if you don't buy/sell much and the inventory on hand appreciated due to rising prices, cgs could be negative.
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