cost of goods
Making things' price
Cost of goods refers to the direct expenses incurred in producing or acquiring items that a business sells.
This includes raw materials, labor directly involved in manufacturing, and other costs tied to production.
In accounting, cost of goods sold (COGS) is subtracted from revenue to calculate gross profit: The cost of goods has risen sharply due to supply chain issues.
- expenseMoney paid out
- inventoryCatalog of held assets
- wholesaleBulk sales to merchants
- manufacturingIndustrial product creation
- materialsRaw stuff for creation
profit · net profit · pricing · price point · supplier · warehouse · freight · labor · production · purchase · retail · bottom line · breakeven · loss · accounting · ledger · balance sheet · raw materials
- business financeaccounting, balance sheet, revenue stream, profit margin, budget
- accountingbookkeeping, ledger, balance sheet, general ledger, accounts payable
- financialsincome, profit, earnings, net income, net profit
- business mathmarkup, markdown, discount, profit, margin
- business termsfranchising, revenue stream, board meeting, gross margin, markdown
- earningsearnings, earnings per share, income, earnings call, gains
cost of goodsoverhead
Located directly above
operating expenses · indirect costs · administrative expenses · fixed costs · rent
cost of goodsrevenue
Business income total
sales · gross sales · net sales · income · sales revenue
cost of goodsselling price
What an item costs
retail price · market value · sale price · gross profit · markup
cost, costs, costing, costly, costliness, good, goods, goodness