What is the Cost of Goods Sold? Meaning and Calculation

cost of goods sold Cost of goods sold, or COGS, is the total cost a business has paid out of pocket to sell a product or service It represents the amount that the

Analyzing the cost of goods sold provides valuable insights into the financial performance of a business It helps in determining the gross profit margin, variable cost Cost of goods sold only includes the expenses that go into the production of each product or service you sell ( , wood, screws, paint, labor,