A free cost of goods sold template is presented in this post, which is prepared in MS Excel. It gives the comfort of adding the name and designation of the authorized person who is preparing this statement. Moreover, you can insert account principles which are being used in the account system along with other data. The cost of goods sold statement consists of various segments; starting with actual inventory record to available cost of goods sold till ending inventory record. The authorized person is further required to take its print and mark his/her signature to validate its authenticity.