What does cost of goods sold mean?

Definitions for cost of goods sold
cost of goods sold

This dictionary definitions page includes all the possible meanings, example usage and translations of the word cost of goods sold.

Wikipedia

  1. Cost of goods sold

    Cost of goods sold (COGS) is the carrying value of goods sold during a particular period. Costs are associated with particular goods using one of the several formulas, including specific identification, first-in first-out (FIFO), or average cost. Costs include all costs of purchase, costs of conversion and other costs that are incurred in bringing the inventories to their present location and condition. Costs of goods made by the businesses include material, labor, and allocated overhead. The costs of those goods which are not yet sold are deferred as costs of inventory until the inventory is sold or written down in value.

Wikidata

  1. Cost of goods sold

    Cost of goods sold or COGS refer to the carrying value of goods sold during a particular period. Costs are associated with particular goods using one of several formulas, including specific identification, first-in first-out, or average cost. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. Costs of goods made by the business include material, labor, and allocated overhead. The costs of those goods not yet sold are deferred as costs of inventory until the inventory is sold or written down in value.

How to pronounce cost of goods sold?

How to say cost of goods sold in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of cost of goods sold in Chaldean Numerology is: 1

  2. Pythagorean Numerology

    The numerical value of cost of goods sold in Pythagorean Numerology is: 8

Examples of cost of goods sold in a Sentence

  1. Pete Stavros:

    Explaining to people how lean transformations at a factory correspond to what happens to our cost of goods sold and our earnings and our stock price, that’s kind of the change in thinking you want to get people bought into.


Translations for cost of goods sold

From our Multilingual Translation Dictionary

  • ต้นทุนสินค้าที่ขายThai
  • 销售成本Chinese

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"cost of goods sold." Definitions.net. STANDS4 LLC, 2024. Web. 27 Feb. 2024. <https://www.definitions.net/definition/cost+of+goods+sold>.

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