Cost of goods sold (COGS) refers to the direct costs of producing the goods sold by a company. This amount includes the cost of the materials and labor directly used to create the good.

In the food and beverage industry, the term "COGS" stands for cost of goods sold. The term describes the amount of money a restaurant spends on supplies and food ingredients -- such as beverages ...

Understanding how to calculate the Cost of Goods Sold (COGS) is essential for any business owner. COGS represents the direct ...

For accounting and tax purposes, these are listed under the entry line-item cost of goods sold (COGS). This reduction can be a major benefit to companies in the manufacturing or mining sectors ...

Calculating the cost of goods sold gives a business insight into its performance and helps calculate profit. Many, or all, of the products featured on this page are from our advertising partners ...

An officer's salary is never part of the "cost of goods sold." Instead, an officer's salary is typically considered to be an overhead expense. The cost of goods sold is an accounting term that ...

COGS is calculated using direct production costs, excluding indirect expenses. Investors use COGS to assess gross profit: Gross Profit = Revenue - COGS. Lowering COGS while maintaining or ...

The Campaign to Organize Graduate Students, or COGS, represents about 1,900 graduate students, according to COGS steward Regina Napolitano. The meeting came two days after the UI English department ...