单词 | cost of goods sold |
释义 | cost of goods sold in Accounting (kɔst əv gʊdz soʊld) or COGS noun (Accounting: Financial statements, Income statement) cost, goodsThe cost of goods sold is the cost of purchasing goods for resale, added to the cost of the raw materials and labor used to manufacture goods that are sold in a particular period of time. SIMILAR WORDS: cost of sales The cost of goods sold is calculated as beginning inventory plus purchases plus materials and labor minusending inventory. The cost of goods sold on the income statement reflects all costs directly tied to any product a companysells, be it a merchandiser or a manufacturing company. The cost of goods sold is the cost of purchasing goods for resale, added to the cost of the raw materialsand labor used to manufacture goods that are sold in a particular period of time. |
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