Cost of Goods Sold. Definition: Cost of goods sold is the accumulated total of all costs used to create a product or service, which has been sold. These costs fall into the general sub-categories of direct labor, materials, and overhead.
Cost of goods sold (COGS) – definition of cost of goods sold (COGS) from InvestorGuide.com: The expense of raw materials and production costs to create a finished product. The cost of goods sold is a line item on a company's Income Statement.
CANTON, Mass., May 29, 2014 /PRNewswire/ — Destination XL Group, Inc. (NASDAQ: DXLG), the largest multi-channel specialty retailer of big & tall men's apparel and accessories, today reported operating
Accounting, financial and tax for the rest of us. Accounting, financial and tax for the rest of us
Our accounting and bookkeeping Terms glossary has definitions to over 150 accounting (accouting) Cost Of Goods Sold: It is the cost of inventory items sold to a company's customers. It is determined using one of three methods: 1) Specific Identification,
Examples of Cost of Goods Sold in the following topics: Cost of Goods Sold and Gross Profit. Cost of Goods Sold & Gross Profit In accounting, gross profit or sales profit is the difference between revenue and the cost of making a product or providing a service before deducting overhead, payroll
COST OF GOODS SOLD BUDGET decomposes, or breaks down, the components of a business's cost of goods sold (in some cases referred to as the cost of revenues).
Definition: another term for ‘cost of sales’. Related Entries: cost of sales
Definition of cost of goods sold from QFinance – The Ultimate Financial Resource. What is cost of goods sold? Christopher Cox, presented a timeline for public companies to transition away from US GAAP (generally accepted accounting principles) to
Filed Under: Accounting, Financial Statements, Definition of 'Cost Of Goods Sold – COGS' The direct costs attributable to the production of the goods sold by a company.
Cost of Goods Sold Statement: Definition and Explanation: Cost of goods sold represents the sum of the costs of all goods which have been sold during the accounting period.
Definition of Cost Of Goods Sold: COGS. An income statement figure which reflects the cost of obtaining raw materials and producing finished goods that Home; Tips; Answers; Videos; In standard accounting practices,
Cost of goods sold may be the same or different for accounting and tax purposes, Kinney, Michael R.: Cost Accounting: Foundations and Evolutions. ISBN 978-1-1119-7172-4. Lanen, William, et al.: "Fundamentals of Cost Accounting.
LONDON–(BUSINESS WIRE)–29 May 2014 TATE & LYLE PLCANNOUNCEMENT OF FULL YEAR RESULTSFor the year ended 31 March 2014 Continuing operations1 £m unless stated otherwise 2014 2013restated2 Change Change(constantcurrency)6 Sales 3 147 3 256 – 3% – 3% Adjusted results Adjusted operating profit3 349 356 – 2% – 1% Adjusted profit before tax4 322 327 – 2% 0% Adjusted diluted earnings per share4 55.7p
Cost of Goods Sold (COGS) Definition: Cost of goods sold, COGS, or “cost of sales”, includes the direct costs attributable to the production of the goods sold by a company.
The court agreed with the taxpayer, saying that, because Quaker State was a manufacturer, understating its cost of goods sold was the equivalent of including an item in income.
Cost of goods sold. Cost of goods sold is usually the largest expense on the income statement of a company selling products or goods. Cost of Goods Sold is a general ledger account under the perpetual inventory system.