What is Cost of Goods Sold (COGS) & How To Calculate It

What is Cost of Goods Sold (COGS) & How To Calculate It

Cost of goods sold (COGS) is an accumulation of the direct costs that went into the goods sold by your company. This includes the cost of any materials used in production as well as the cost of labor needed to produce the good. It does not include indirect expenses such as distribution costs and marketing…

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