For wholesalers and retailers, the cost of goods sold is the price they pay their supplier to buy the product plus the cost of transporting it to their location for resale to their customers.

Question

Quizplus · Accepted Answer

The cost of goods sold (COGS) for wholesalers and retailers includes both the purchase price paid to suppliers for the product and the costs associated with transporting the product to their location, such as shipping or freight costs, which are necessary for preparing the goods for sale to their customers.

For Wholesalers and Retailers, the Cost of Goods Sold Is