Cost of goods sold: Difference between revisions
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==See also== | ==See also== | ||
*[[Cost of sales]] (COS) | |||
*[[DIO]] | *[[DIO]] | ||
*[[DPO]] | *[[DPO]] | ||
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* [[Stock]] | * [[Stock]] | ||
*[[Turnover]] | *[[Turnover]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 16:48, 15 September 2025
(COGS).
Accounting.
The charge in an income statement relating to raw materials and goods purchased for resale.
It is calculated as:
Purchases
+ Opening stock
Less: Closing stock
= Cost of goods sold
