What is COGS?

Learn more about Cost of Goods Sold and how to calculate it in this associated article: https://social.ora.cl/6006wKofu

The cost of goods sold, or COGS, is the accumulated cost of producing a product, which can include the cost and transportation of raw materials, labor needed to manufacture the goods and factory overhead. COGS is important in establishing healthy profit margins, driving decision-making that cuts costs, determining gross profit as well as net income, and ultimately, increasing profitability.

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