On an income statement, the cost of purchasing raw materials and manufacturing...
A category in the financial statements of a business that gives the cost of all items sold during the time period covered by the profit and loss statement. "Cost of Sales" is subtracted from "Sales" on the profit and loss statement (income statement) to arrive at "Gross Profit."
Cost of good sold (COGS) for a given sales period, or used in place of COGS in service industries.
The sum of direct cost of sales, adjusted for closing stocks, plus manufacturing overhead attributable to the sales. Direct costs include the wages and salaries costs of time worked on products, and the costs of materials used in production. Manufacturing overheads include the wages and salaries costs of employees not directly working on production, and materials and expenses incurred on activities not directly used in production but necessary to carry out production. Examples are cleaning materials and electricity costs.
The accrued cost of the goods (or services) supplied in a period; the difference between sales and gross profit.... more on: Cost of sales
Costs which are directly attributable to bringing a product or service to the point of sale.
The cost of goods or services sold.
The costs of obtaining and manufacturing products. This figure includes costs for raw materials plus the costs of production, customs and delivery to our sales organizations.
Figure representing the cost of buying raw materials and producing finished goods.
Direct cost of services and production.
Cost of Sales are the costs directly related to the purchase or production of whatever the company sells.
The direct costs incurred as a result of making sales. For a retail company, this may mean the cost of purchasing goods, net of carriage and purchasing discounts, less the movement in the value of the stock. For a manufacturing company, it may mean the cost of producing the goods sold.
The actual direct and allocated cost to produce finished goods or services (sometimes called the cost of goods sold).
Costs incurred in the production of the goods and services sold over the course of the fiscal year.
The cost of a product or service sold to customers.
is the direct cost of the products and services sold. The Cost of Sales section on the Income Statement may take on different formats. Typically, however, Cost of Sales (COGS) includes inventory costs, direct labor costs, material costs, sales commissions, and other costs directly associated with the generation of revenue.
A formula for working out the direct costs of your sales (including stock) over a particular period. The result represents the gross profit. The formula is: Opening stock + purchases + direct expenses - closing stock. Also, see Cost of Goods Sold .
Total cost of buying goods for resale.
the cost of goods plus the expenses involved in selling and delivering the product or service.