What is Cost of Goods Sold (COGS) in Accounting? | Understanding Business Expenses | Accounting101
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What is Cost of Goods Sold (COGS) in Accounting? | Understanding Business Expenses | Accounting101
What is Cost of Goods Sold (COGS) in accounting? 📊 COGS refers to the direct costs attributable to the production of the goods sold by a company, including the cost of materials and labor used in creating the product. Understanding COGS is essential for calculating gross profit, setting pricing strategies, and managing business profitability ...
1.7K views7 months ago
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