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COGS

Cost Of Goods Sold. On an Income statement, the cost of purchasing raw materials and manufacturing finished products. Equal to the beginning inventory plus the cost of goods purchased during some period minus the ending inventory. also called Cost of sales.

Related Terms: 8 Cost of sales, Call, FIN, Income statement, Inc., Purchase, Ring, Sales
Other Related Pages: Category: Accounting Starting With: C
Semi Related Terms: 500 CLICK HERE TO VIEW