What is Cost of Goods Sold? - Definition from

Cost of Goods Sold measures the direct cost incurred in the production of any goods or services It includes material cost, direct

As inventory is a valuable asset, till the time the product or the goods remain a part of that inventory, the amount of that product remains in the asset

king of god COGS = Beginning Finished Goods Inventory + Cost of Goods Manufactured

fixed cost What Is Included and Excluded in the Cost of Goods Sold? · Raw materials · Freight costs to receive raw materials · Items purchased for resale