| Completed Project Method |  |
| Select this method to calculate COGS on completion of a contract. When to use this method This method is used when you prefer to calculate COGS only on completion of the contract. Calculation of COGS COGS = Cost at the completion of the project. Levels at which it can be recognized: Project Extension Constraints The project status must be closed. The extension status must be closed. Related topics Revenue Recognition (RR) and Cost of Goods Sold (COGS) |