• Jun 29, 2026 hospitality financial management chatfield answers and ending inventory, how do you determine the COGS? Sample Data: Beginning Inventory: $10,000 Purchases during the period: $25,000 Ending Inventory: $8,000 Chatfield Answer: The formula for COGS is: COGS = Beginning Inventory + Purchases – Ending Inventory Ap By Ronnie Torphy
