A cost of goods sold template that is prepared in MS Excel, is a professional format which is very easy to use. It is a blank format which can be used immediately after downloading. Moreover, a user can insert data into blank fields based on requirements and as per instructions. The sum formula is added in the last row with the heading of total. All you need is to add amounts in front of the relevant fields, and it will sum up its value for you. You can also get it printed once your format is ready.