A2X Newsletter (for Online Sellers) | 3 must-watch ecommerce COGS videos
When Cost of Goods Sold is even a few dollars off, every metric from gross profit to ad budgets drifts out of line – and it’s challenging to make good business decisions.
That’s why we put together a video series with Phil Oakley (Managing Director at Outserve) that explains how to lock in accurate COGS, assign every landed cost dollar, and choose the inventory valuation method that’s best for your business.
⬇️ Check out the videos below – pick the topic you need most, or watch all three on YouTube. (The videos contain general guidance only – we strongly recommend consulting with an ecommerce accounting specialist such as Outserve if you have any questions.)
Calculating COGS: What Ecommerce Businesses Get Wrong
Runtime: 19 min
If you’ve ever asked: Should this be included in COGS? → this is the video for you. Phil and Elspeth provide clear guidance on whether or not costs like packaging materials, advertising, and Amazon/Shopify fees belong in COGS.
➡️ Watch Now
Landed Cost Breakdown for Ecommerce Businesses
Runtime: 12 min
This video covers just about everything you need to know about capturing your true unit costs so you can have accurate COGS.
➡️ Watch Now
FIFO, LIFO, or Weighted Average: Choosing the Right Inventory Valuation Method
Runtime: 12 min
In this video, Phil walks through a simple decision tree that provides general guidance for how to determine which inventory valuation method is best for your business (FIFO, LIFO, or Weighted Average).
➡️ Watch Now
▶️ Watch the full playlist
Questions about COGS? Get in touch with the Outserve team.
