21. Nobody runs their business and recognizes that cost of goods sold is not 15 or 25 percent. 22. Cost of goods sold dropped by a bigger amount to 4.514 billion pesos, from 6.045 billion pesos.23. Dell's entire spending on components and other cost of goods sold was $ 14 billion in 1998. 24. The gross margin-- net sales less the cost of goods sold -- fell to 22.8 percent from 23.3 percent. 25. Operating cash flow is earnings after the cost of goods sold , and operating, selling, general and administrative expenses. 26. Gross margin is calculated by subtracting cost of goods sold from revenue and dividing that figure by revenue. 27. For example, a computerized inventory control system has helped to reduce the company's cost of goods sold , Dunkerley said. 28. Such variances are then allocated among cost of goods sold and remaining inventory at the end of the period. 29. The margin is calculated by dividing operating income, less the cost of goods sold and operating expenses, by sales. 30. In this article, the terms " cost of sales " and " cost of goods sold " are synonymous.
