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
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
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.
Numerology
Chaldean Numerology
The numerical value of cost of goods sold in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of cost of goods sold in Pythagorean Numerology is: 8
Translations for cost of goods sold
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"cost of goods sold." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/cost+of+goods+sold>.
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