1. What is Cost of Goods Sold
Cost of goods sold (COGS) is a calculated amount showing the value of goods used to produce products for sale. Cost of goods sold is turned into inventory and then into sales. Cost of goods sold includes value of products, of labor, and production facilities.
Check This Video for Further Explanation
Cost of goods sold (COGS) is a calculated amount showing the value of goods used to produce products for sale. Cost of goods sold is turned into inventory and then into sales. Cost of goods sold includes value of products, of labor, and production facilities.
Check This Video for Further Explanation
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