Enter your opening stock, what you bought in the period and your closing stock. Add revenue to see gross profit.
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COGS = opening inventory + purchases − closing inventory. It is the cost of the goods you actually sold in the period. Gross profit is revenue minus COGS, and gross margin is gross profit as a percentage of revenue. A reliable closing figure needs regular stock counts or a perpetual inventory system.
The cost of goods bought for resale, plus freight-in and import costs that are part of landing the goods. Overheads like rent are normally not part of COGS for a trading business.
No. Recoverable input VAT is not part of cost. Use VAT-exclusive purchase values.