Cost-of-Goods-Sold (COGS) is defined as the costs that go into creating the products or services that a company sells.

Name: Cost-of-Goods-Sold (COGS) is defined as the costs that go into creating the products or services that a company sells.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The part that sometimes gets people is that COGS can apply to services as well. Labor costs can also be included in COGS.
Key Takeaway: Review all your general accounting principles prior to an interview.

Cost-Of-Goods-Sold (COGS) Is Defined as the Costs That Go into Creating