Cost of Goods Sold & Cost of Services Financial Concepts

How to Calculate Cost of Goods Sold cost of goods sold Cost of goods sold refers to the direct costs of producing the goods sold by a company This amount includes the cost of the materials and labor age of war With a periodic system, cost of goods sold is not calculated until financial statements are prepared The beginning inventory balance (the ending amount from

ufaloft COGS is sometimes referred to as cost of merchandise sold Some companies that sell a mix of products and services prefer the term 'cost of revenue '