Meaning of Cost of Goods Sold
How we at Bookkeeping Support Define the Meaning of Cost of Goods Sold:
The total of all direct costs is the cost of goods sold (COGS)
How AI Define the Meaning of Cost of Goods Sold:
Cost of goods sold (COGS) refers to the direct costs incurred by a company in the production of goods or services that it sells. These costs can include the cost of materials, direct labor, and overhead expenses such as rent, utilities, and depreciation of production equipment.
