What is cost of goods sold?

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

What is Cost of Goods Sold ? Calculating the Cost of Goods Sold is an essential step in understanding the financial health of a business COGS office space Why is COGS important? The Cost of Goods Sold metric is essential for evaluating and comparing the profitability of different products or lines of business