Cost of Goods Sold

Cost of Goods Sold: What Is COGS and What's Included? cost of goods sold Costs of Goods Sold represent the expenses involved into producing your goods over a certain period of time The COGS formula is: COGS = the starting fof The cost of goods sold is listed as an expense line on your income statement because it's a cost of doing business Calculating your cost of goods sold informs

payoff888 You should record the cost of goods sold as a business expense on your income statement Under COGS, record any sold inventory On most income