Cost of goods sold (COGS)

Cost of goods sold (COGS),

Definition of Cost of goods sold (COGS):

  1. Alternative term for cost of sales.

How to use Cost of goods sold (COGS) in a sentence?

  1. 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.
  2. 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.
  3. 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