Change in Inventory | Cost of goods sold statement (COGS) with Inventory increased by & Decreased by

In this lecture it is described that how to prepare the cost of goods sold statement with change in inventory. Change In Inventory Mean Inventory increased by and inventory decreased by. (Inventory Increase By) Means Excess Of Ending Inventory over the Opening Inventory. And (Inventory Decreased By) Mean Excess of Opening Inventory over the Ending Inventory. In simple words inventory increased by is ending inventory and inventory decreased by is opening inventory. This change in inventory will be applicable on all types of inventories like raw material, work in process and finished goods. This Question is taken from the book of Cost Accounting by Sohail Afzal Qus. #6 and Chapter #5 (Financial Statements) This lecture will help you allot to understand the concept of change in inventory with example #ChangeInInventory #COGS #CostOfGoodsSoldStatement #InventoryIncreasedBy #InventoryDecreasedBy