Cost of Goods Sold

cost of goods sold As inventory is a valuable asset, till the time the product or the goods remain a part of that inventory, the amount of that product remains in the asset

When calculating COGS, businesses take into account the cost of raw materials, labor, manufacturing overheads, and shipping By understanding COGS, businesses band of brothers It is calculated by adding up all the direct costs associated with the production or acquisition of the goods that a company sells during a specific accounting