Cost of Goods Sold (COGS)

 In Business Finance
TERM OF THE DAY
Cost Of Goods Sold – COGS
Cost of goods sold (COGS) is the direct costs attributable to the production of the goods sold in a company. This amount includes the cost of the materials used in creating the good along with the direct labor costs used to produce the good. It excludes indirect expenses such as distribution costs and sales force costs.

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