Total cost of goods sold (given days in inventory and average inventory)

Formula

Total cost of goods sold (given days in inventory and average inventory) formula
COGS
total cost of goods sold
DII
days in inventory
ai
average inventory

Formula description

Days in inventory(DII) is an efficiency ratio that measures the average number of days the company holds its inventory before selling it.

Calculator (how to use calculator?)

Total cost of goods sold (given days in inventory and average inventory) formula
DII
ai
COGS
Precision

Formula code

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References

  1. Wikipedia:Days in inventory.

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