Cost of goods sold is the cost of producing or acquiring goods or services to be sold by a firm.

Name: Cost of goods sold is the cost of producing or acquiring goods or services to be sold by a firm.
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Cost of goods sold (COGS) refers to the direct costs incurred in producing or acquiring goods or services to be sold by a company. COGS includes the cost of materials, labor, and any other expenses directly related to the production of goods or services.

Cost of Goods Sold Is the Cost of Producing or Acquiring