It often also involves a sense of pride in the nation's achievements, and is closely linked to the concept of patriotism. In these terms, nationalism can be considered positive or negative, in some cases it meant that a nation should be able to control the government and all means of production.
To compute cost of goods sold, start with the cost of beginning inventory of finished goods, add the cost of goods manufactured, and then subtract the cost of ending inventory of finished goods. Suppose your chocolate milk factory started out with $2,000 worth of beginning inventory of finished goods.
Cost of goods sold, sometimes referred to as cost of sales or COGS, refers to the cost of products manufactured and sold or purchased and re-sold by the company. These costs of sales are an expense of the business and they reduce the profit the company makes on selling the products. Cost of goods sold is determined annually showing changes from the beginning to the end of the company's fiscal (financial) year, and it is included in the company's business tax return as an expense.