💡 At Pangea Strategic Partners, we help clients see the real picture of their business finances. One of the most important tools? Cost of Goods Sold (COGS). Think of it like this: You buy inventory 🛒 → it sits on your shelf. You sell it 💰 → it moves from “inventory” to “COGS.” Revenue – COGS = your true gross profit. ✅ The formula is simple but powerful: COGS = Beginning Inventory Purchases – Ending Inventory By mastering this, you’ll understand how much you actually sold, track your invent