COST OF GOODS SOLD Definition

Bookmark and Share

COST OF GOODS SOLD (COGS) is a figure representing the cost of buying raw material and producing finished goods. Included are precise factors, i.e. material and factory labor; as well as others that are variable, such as factory overhead.

Learn new Accounting Terms

PREFERENCE SHARE see PREFERRED STOCK.

FLAT RATE is a per unit price that remains constant regardless of the volume purchased.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.