what is cost of goods sold ?
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Answer / kola madhuri
Cost of goods sold is nothing but it includes all the
manufacturing and labour cost.
It excludes selling and distribution costs
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / saikat
Cogs means the production cost of a material(from purchasing
the raw material to produce the FG)
FG cost=raw material cost +other expenses)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / jyoti a. jogale
Gross profit(GP) - Sales =Cost of goods sold(COGS).
| Is This Answer Correct ? | 0 Yes | 1 No |
Cost of goods sold (COGS for short) is the expense a
company incurred in order to manufacture, create, or sell a
product. It includes the purchase price of the raw
material as well as the expenses of turning it into a
product. Cost of goods sold (COGS) is also known as cost
of revenue or cost of sales.
| Is This Answer Correct ? | 4 Yes | 7 No |
Answer / me
COGS= Purchasing price of raw materila + all direct exp +
diff b/w opeing & closing stock
OR
Raw material+
labour+
direct exp
+ diff b/w opein & closing stock
| Is This Answer Correct ? | 1 Yes | 5 No |
Answer / prakash
cost of good sold is opening stock+purchase of stock -
direct expenses-sales
| Is This Answer Correct ? | 2 Yes | 9 No |
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