|Definition||:||Cost Of Goods Sold|
|Category||:||Business » Accounting|
What does COGS mean?
Cost Of Goods Sold (COGS) refers to the costs that go into creating the products, in order to manufacture, create, or sell a product. COGS includes the direct costs of producing a product for sale.
Cost of Goods Sold (COGS) = Beginning Inventory + Inventory Purchases – End Inventory
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||COGS||Centre of Geographic Sciences|