Cost Of Goods Sold (COGS)
Cost Of Goods Sold (COGS) is the direct costs tied to producing the goods that a company sells during a period, including material costs, direct labor, and allocated production overhead.
Example: For example, a retailer reports net sales of $2.0 million and COGS of $1.2 million for the quarter, resulting in gross profit of $0.8 million.
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