Cost of goods sold (COGS) is the determination of how much it costs retailers, wholesalers and manufacturers to produce the goods they sell. For makers and resellers of products, COGS, sometimes also ...

Cost of goods sold (COGS) is an important metric contributing to a business's overall gross profit and long-term growth prospects. This key performance indicator impacts everything from your tax rate ...

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 ...

No aspect of business proves the adage "to make money you must spend money" truer than inventory; or more to the point – the cost of goods sold. Knowing how much your products cost to make and sell ...

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 ...

The income statement describes how much money a company has made or lost over a given period, usually three or 12 months. A company that produces or sells merchandise uses a form of the income ...

The Tax Court held that a medical marijuana dispensary was required to calculate its cost of goods sold (COGS) using the rules of Sec. 471 rather than Sec. 263A because Sec. 263A does not allow the ...

Claire Boyte-White is the lead writer for NapkinFinance.com, co-author of I Am Net Worthy, and an Investopedia contributor. Claire's expertise lies in corporate finance & accounting, mutual funds, ...