aLast-In First-Out assigns an amount to cost of goods sold on the income statement that approximates its current cost;its also better matches current costs with revenues in computing gross profit. 前在第一分配数额到在接近它的当期成本的收入报告卖的物品的费用; 它也改善比赛当期成本与收支在计算毛...
Cost of goods sold, often abbreviated COGS, is a managerial calculation that measures the direct costs incurred in producing products that were sold during a period. In other words, this is the amount of money the company spent on labor, materials, and overhead to manufacture or purchase produ...
The cost of goods sold (COGS) refers to the cost of producing an item or service sold by a company. Knowing this can help you calculate your profits.
Cost of goods sold on an income statement You should record the cost of goods sold as a business expense on your income statement. Under COGS, record any sold inventory. On most income statements, cost of sales appears beneath sales revenue and before gross profits. You can determine net inc...
Where can you find the cost of goods sold on an income statement? You'll typically find the cost of goods sold on the line directly underneath total revenue when looking at a company's income statement. If you subtract the cost of goods sold from total revenue, you'll get the gross pro...
Definition of Cost of Goods Sold The cost of goods sold is the cost of the products that a retailer, distributor, or manufacturer has sold. The cost of goods sold is reported on theincome statementand should be viewed as anexpenseof theaccounting period. In essence, the cost of goods sold...
Accounting for Cost of Goods Sold The cost of goods sold is accounted for on the income statement. Specifically, the cost of goods sold statement is found as an expense, or a subtraction, on the income statement. It is included after sales so that it can be subtracted from the sales ...
求翻译:Last-In First-Out assigns an amount to cost of goods sold on the income statement that approximates its current cost;its also better matches current costs with revenues in computing gross profit.是什么意思?待解决 悬赏分:1 - 离问题结束还有 Last-In First-Out assigns an amount to cost...
The cost of sales and cost of goods sold (COGS) are crucial when analyzing whether a business is profitable. However, companies often list COGS or cost of sales (and sometimes both) on their income statements, leading to confusion about what they mean. Fortunately, for those confused,...
What Is Cost of Goods Sold (COGS)? COGSis the accounting term used to describe the expenses incurred to produce the goods sold by a company. These aredirect costsonly, andonly businesses with a product to sellcan list COGS on their income statement. When subtracted...