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 ...
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