Cost of Goods Sold

Cost of Goods Sold

About Cost of Goods Sold:

Cost of Goods Sold (COGS) ia figure representing the cost of buying raw materials and producing finished goods. Included are clear-cut factors, such as direct factory labor, as well as others that are less clear-cut, such as overhead.

U.S. and other Developed Countries International Tax Meaning

A figure representing the cost of buying raw materials and producing finished goods. Included are clear-cut factors, such as direct factory labour, as well as others that are less clear-cut, such as overhead.

Description and Definition of Cost of Goods Sold

The cost of obtaining and producing goods sold in business. The amount determined by subtracting the value of the ending merchandise inventory from the sum of the beginning merchandise inventory and the net purchases for the fiscal period.

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