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Cost of Goods Sold (COGS) Formula | Calculation | Definition | Example
5:18
YouTubeAccountingplus
Cost of Goods Sold (COGS) Formula | Calculation | Definition | Example
Cost of goods sold Cost of goods sold, sometimes abbreviated as COGS or called "cost of sales". Definitions The cost of goods sold (COGS) is any direct cost related to the production of goods that are sold or the cost of the inventory you acquire to sell to consumers. It does not include overhead expenses related to the general operation of the ...
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