# Calculating Cost of Sales & Gross Profit

> This section teaches the method to calculate cost of sales (COS) and gross profit under the periodic and perpetual inventory systems, and the shape of the Trading account. An earlier section…

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## Full notes

This is a preview of the Calculating Cost of Sales & Gross Profit notes for Grade 11 Accounting. Create a free Hlayiso account to read the full notes, practise every question and track your progress.

## More in INVENTORY SYSTEMS

- [Perpetual vs Periodic Stock Systems](https://www.hlayiso.com/grade-11/accounting/notes/inventory-systems/perpetual-vs-periodic-stock-systems) — Previous section
- [Ethics & Internal Controls: Stock](https://www.hlayiso.com/grade-11/accounting/notes/inventory-systems/ethics-and-internal-controls-stock) — Next section
- [All INVENTORY SYSTEMS sections](https://www.hlayiso.com/grade-11/accounting/notes/inventory-systems)

## Frequently asked questions

### What will I learn in "Calculating Cost of Sales & Gross Profit"?

This section covers Calculating Cost of Sales & Gross Profit as part of INVENTORY SYSTEMS in Grade 11 Accounting. You'll find clear explanations, worked examples, and key definitions aligned to the CAPS curriculum.

### Is this section aligned with the CAPS curriculum?

Yes. All notes on Hlayiso, including "Calculating Cost of Sales & Gross Profit", are written against the official CAPS curriculum and ATP for Grade 11 Accounting.

### What should I study after "Calculating Cost of Sales & Gross Profit"?

Continue with the next section in INVENTORY SYSTEMS, or test your understanding with the interactive quiz linked to this section.

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