Learn about what cost of goods sold is, and how it can help your business thrive. Find out more accounting terms in the QuickBooks' Glossary.
Cost of Goods Sold (COGS) Definition:COGS are the direct costs attributable to the production of goods sold by a company. This amount includes the cost of the materials used to create the good and the direct labor costs used to produce the good. COGS is subtracted from a company’s Revenu...
cost of goods sold 美 英 un.售货成本 英汉 英英 un. 1. 售货成本
Cost of goods sold represents the product costs of units sold during a particular period. It is the amount that is reported on the income statement as a subtraction from net sales revenue for the period to arrive at the gross profit for the period.
Definition:Cost of goods sold (COGS), also called the cost of sales, is total price of all inventory sold to customers during a period. Keep in mind that this isn’t the retail price that the customers paid for the goods. Instead, this is the purchase price that it cost the retailer ...
Learn the definition of the cost of goods sold and the formula used to calculate it. Also, learn how the cost of goods sold is calculated using...
Cost of Goods Sold (COGS): Definition and How to Calculate It Calculating the cost of goods sold gives a business insight into its performance and helps calculate profit. By Whitney Vandiver Updated Jul 27, 2023 Edited by Claire Tsosie Many or all of the products featured here are...
COGS，全称为Cost of Goods Sold，实质上就是商业企业销售商品过程中所涉及的所有成本支出。这个术语涵盖了从进货成本到间接费用的总和，它在商品销售时发挥着关键作用。具体来说，COGS可以根据商品流通的不同环节进行划分，如产地批发销货成本、销地批发销货成本以及零售销货成本，每种环节的成本都包含了...
cost of goods sold meaning, definition, what is cost of goods sold: the total VARIABLE COSTs (=costs of mate...: Learn more.
Once the cost of goods sold has been found, the answer can be used tocalculate a business's gross income. This is the amount a business earns from sales before deducting taxes and other expenses. Gross Income = Revenue – COGS The gross profit can then be used to calculate the net incom...