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| Definition | : | Cost Of Goods Sold |
| Category | : | Business » Accounting |
| Country/ Region |
: | Worldwide
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Acronym
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Cost Of Goods Sold (COGS) refers to the costs that go into creating the products, in order to manufacture, create, or sell a product. COGS includes the direct costs of producing a product for sale.
Cost of Goods Sold (COGS) = Beginning Inventory + Inventory Purchases – End Inventory
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Centre of Geographic Sciences
Universities & Institutions
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The full form of COGS is Cost Of Goods Sold