What is COGS / Cost of Goods Sold?
2 Answer(s)
Binny
Good question!
It is called "Cost of Goods Sold" because these products are bought in order to make the goods that are SOLD to make revenue.
For example cheese is bought by dominos, to make pizza that is SOLD. Hence cheese is the COST of the GOODS (pizza) SOLD
Hope that is clear.
Jul 20 2012 09:05 PM
It is called "Cost of Goods Sold" because these products are bought in order to make the goods that are SOLD to make revenue.
For example cheese is bought by dominos, to make pizza that is SOLD. Hence cheese is the COST of the GOODS (pizza) SOLD
Hope that is clear.
Binny
Good question!
It is called "Cost of Goods Sold" because these products are bought in order to make the goods that are SOLD to make revenue.
For example cheese is bought by dominos, to make pizza that is SOLD. Hence cheese is the COST of the GOODS (pizza) SOLD
Hope that is clear.
Jul 20 2012 09:05 PM
It is called "Cost of Goods Sold" because these products are bought in order to make the goods that are SOLD to make revenue.
For example cheese is bought by dominos, to make pizza that is SOLD. Hence cheese is the COST of the GOODS (pizza) SOLD
Hope that is clear.