Cost of goods sold (COGS),
Definition of Cost of goods sold (COGS):
Alternative term for cost of sales.
How to use Cost of goods sold (COGS) in a sentence?
- My boss told me that we needed to determine the cost of goods sold , in order to remain organized and have an idea of what was going on.
- In looking over the business financial reports, Bob found that the cost of goods sold was much higher than previous years, which explains the increase in profit.
- The suppliers for the production line have increased their prices on materials which has caused the total cost of goods sold for the companys products to increase by 15%.
Meaning of Cost of goods sold (COGS) & Cost of goods sold (COGS) Definition