United States home front during World War II. United States home front during World War II supported the war effort in many ways, including a wide range of volunteer efforts and submitting to government-managed rationing and price controls. Everyone agreed that the sacrifices were for the national good for the duration.. The labor market changed radically.
Cost of goods sold is an expense charged against sales to work out a gross profit (see definition below). So, for example, we may have sold 100 units this year at $4 each, and these 100 units that we sold cost us $3 each originally.
Cost of goods sold (COGS) refer to the carrying value of goods sold during a particular period. Costs are associated with particular goods using one of several formulas, including specific identification, first-in first-out (FIFO), or average cost.Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.er cost of goods sold depends on her inventory method. Under specific identification, the cost of goods sold is 10 + 12, the particular costs of machines A and C. If she uses FIFO, her costs are 20 (10+10). If she uses average cost, her costs are 22 ((10+10+12+12)/4 x 2). If she uses LIFO, her costs are 24 (12+12).