Cost of Goods Sold (COGS)

Merchant Account Glossary C Cost of Goods Sold (COGS)

Cost of goods sold or COGS is a term used to describe all expenses associated with the production and sale of a product or service.

Cost of goods sold (COGS) will be different for each business as any cost associated with the production and sale of products or services should be included when calculating cost of goods sold (COGS)

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