What Does The Term Cost Of Goods Sold (COGS) Mean? Cost of Goods Sold (COGS), often referred to as cost of sales or cost of revenue, is an accounting term that represents the direct costs incurred by ...

Assessing the cost of inventory may be a simple process for retailers. Conversely, for manufacturers knowing the cost of finished goods in inventory involves inclusion of cost from the initial raw ...

The Internal Revenue Service allows labor costs to be considered part of cost of goods sold if the company is in the mining or manufacturing business. In these businesses, labor costs applied to cost ...

Think you have no choice but to raise your prices on your most important customers? Good news: there’s a lot more you can do to flip your P&L in your favor and build your relationships with your ...

Claire Boyte-White is the lead writer for NapkinFinance.com, co-author of I Am Net Worthy, and an Investopedia contributor. Claire's expertise lies in corporate finance & accounting, mutual funds, ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...