A cost of goods sold statement compiles the cost of goods sold for an accounting period in greater detail than is found on a typical income statement. The cost of goods sold statement is not considered to be one of the main elements of the financial statements, and so is rarely found in practice. If presented at all, it appears in .
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Definition of Cost Of Goods Sold: COGS. An income statement figure which reflects the cost of obtaining raw materials and producing finished goods that .
Cost of goods sold, or COGS, on the income statement represents costs and expenses involved int he manufacturing or sourcing of a product or service..
Cost of goods sold statement - definition, explanation, formula, calculation, and example of cost of goods sold. A free article from AccountingExplanation.com.
Just because you earn revenue doesn't mean you've made a profit. In this lesson, you'll learn about cost of goods sold, including where it fits on .