What Does The Term Cost Of Goods Sold (COGS) Mean? Cost of Goods Sold (COGS), often referred to as cost of sales or cost of revenue, is an accounting term that represents the direct costs incurred by ...
Businesses seek to generate profit. To do this, they sell goods to bring in revenue. But revenue and profit aren’t the same. To get from one to the other, you need to factor in the cost of goods sold ...
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How to Calculate COGS (Cost of Goods Sold): A Simple Guide
Understanding how to calculate the Cost of Goods Sold (COGS) is essential for any business owner. COGS represents the direct ...
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