Cost of Goods Sold (COGS) – Definition (video)

Cost of Goods Sold (VIDEO by Investopedia).  Accurately capturing and reflecting the Costs of Goods Sold (COGS), also referred to as ‘cost of sales’, is imperative because if done inefficiently a company could theoretically believe they’re operating more profitably then they really are.

If you need help defining your cost of goods sold versus regular expenses, call Chris McGee at (360) 303-5798 for a free consultation.