Cost of goods sold (COGS) is the determination of how much it costs retailers, wholesalers and manufacturers to produce the goods they sell. For makers and resellers of products, COGS, sometimes also ...

For a retail business, cost of goods sold, or COGS, is an expense category that is critical to developing an effective cost strategy. Cost of goods sold can only be calculated for businesses that ...

Cost of goods sold (COGS) is an important metric contributing to a business's overall gross profit and long-term growth prospects. This key performance indicator impacts everything from your tax rate ...

We are a team of writers, experimenters and researchers providing you with the best advice with zero bias or partiality. A product or service with a high profit margin might seem promising at first, ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education ...

If your business buys goods and offers them for resale, your inventory will factor into your balance sheet as part of cost of goods sold (COGS). If you buy less inventory, your income statement figure ...

Businesses seek to generate profit. To do this, they sell goods to bring in revenue. But revenue and profit aren’t the same. To get from one to the other, you need to factor in the cost of goods sold ...