Cost of goods available for sale and cost of goods sold

{
  "id": "MLC-T-ECS-000415",
  "term": "Cost of goods available for sale and cost of goods sold",
  "field": "Economic statistics",
  "term_source": "Cost of Goods Available for Sale and Cost of Goods Sold",
  "definition": "To calculate the cost of goods available for sale, the purchases made during the year were added to the preceding year's end-of-year inventories. To calculate the cost of goods sold, the end of the current year's value of inventories were deducted from the cost of goods available for sale. Manufacturing & Trade Inventories & Sales\n\n\"",
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/cost-of-goods-available-for-sale-and-cost-of-goods-sold/"
}