Cost of Goods Sold (COGS) Calculator
Calculate COGS using beginning inventory, purchases, and ending inventory. Compare FIFO, LIFO, and weighted-average methods with gross profit analysis.
COGS, costing methods, variance analysis, and cost classification tools. Browse our free cost analysis tools below — no sign-up required.
Calculate COGS using beginning inventory, purchases, and ending inventory. Compare FIFO, LIFO, and weighted-average methods with gross profit analysis.
Classify and analyze direct vs. indirect costs. Calculate cost ratios, overhead burden, and model cost structure scenarios for better pricing and profitability decisions.
Classify fixed and variable costs, calculate cost behavior ratios, and analyze how total costs change with volume. Includes high-low method and break-even analysis.
Calculate incremental (differential) costs for business decisions. Compare alternatives, analyze relevant costs, and determine the financial impact of changing production levels.
Calculate the total cost and profitability of individual jobs or projects. Track direct materials, direct labor, and applied overhead per job for accurate project pricing.
Calculate labor rate variance (LRV) and labor efficiency variance (LEV). Analyze direct labor cost differences between standard and actual hours and rates.
Calculate the cost of producing one additional unit with our free marginal cost calculator. Analyze the marginal cost curve and find optimal production volume.
Calculate material price variance (MPV) and material quantity variance (MQV). Analyze direct material cost differences between standard and actual with decomposition and trend analysis.
Calculate the opportunity cost of any decision. Compare alternatives side by side and quantify the value of the next-best option forgone.
Calculate variable and fixed overhead variances: spending, efficiency, budget, and volume. Perform four-way overhead variance analysis for complete manufacturing cost control.
Calculate cost per equivalent unit using weighted-average process costing. Allocate materials and conversion costs to completed units and ending work-in-process inventory.
Separate mixed costs into fixed and variable components using the high-low method. Analyze cost behavior, validate results, and forecast costs at different activity levels.
Calculate total, price, and efficiency variances for materials, labor, and overhead. Compare standard costs to actual costs to identify and analyze manufacturing variances.
Identify sunk costs in your business decisions. Separate recoverable from unrecoverable expenses and make forward-looking choices.