Cost of Goods Sold: Definition and Calculation

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If you are running a business, then you must know the cost of goods sold (COGS). This parameter is a big deal for any retailer because it plays a critical role in determining whether you’re raking in profits or barely scraping by.

As a business owner, you must have an understanding of how COGS works and how it affects your bottom line. It’s not just an accounting term – it’s the key to understanding your business’s financial health.

You can use your COGS knowledge to make smarter decisions and boost your peru phone number list business in the long run.

Cost of Goods Sold (COGS)
Overview of Cost of Goods Sold
COGS is all the money you spend to make or buy the products you’re selling. This is a simple idea, but it’s a huge deal when you need to figure out how much cash you’re making on each sale.