Cost of goods sold (COGS) includes what the retailer pays to suppliers for the merchandise the retailer sells.

Name: Cost of goods sold (COGS) includes what the retailer pays to suppliers for the merchandise the retailer sells.
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Question

Quizplus · Accepted Answer

What the retailer is invoiced for and pays to the supplier or vendor is part of the cost of goods sold (COGS).  Also included in COGS is any transportation cost that the retailer initially pays to get the merchandise to their distribution center from the supplier.

Cost of Goods Sold (COGS) Includes What the Retailer Pays