COGS: Understanding, Calculating Cost Of Goods Sold

Cost of Goods Sold Managerial Accounting cost of goods sold The cost of goods sold is listed as an expense line on your income statement because it's a cost of doing business Calculating your cost of goods sold informs pgsoft official When calculating COGS, businesses take into account the cost of raw materials, labor, manufacturing overheads, and shipping By understanding COGS, businesses

spin off To make a quick recap, the cost of goods sold equals the sum of the beginning inventory cost and the purchases during the year, minus the cost