Cost Of Goods Sold

Views Updated: Dec 15, 2025

Key Facts

Abbreviation
COGS
Pronunciation
/kɔst əv gʊdz soʊld/
Category
Business
Related Field
Accounting

Examples in Context

  1. Reduced labor and cost of goods sold by20 %.
  2. The salaries and wages of a company are usually the single largest expense after cost of goods sold.
  3. Expenses include cost of goods sold, administrative expenses, selling expenses, and financial expenses, etc.
  4. First, we must calculate net purchases by adjusting cost of goods sold for change of inventory.
  5. There are two systems available for maintaining the inventory records and the Cost of Goods Sold account.

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