Cost of goods sold is the total product cost of the units sold during a period.

Name: Cost of goods sold is the total product cost of the units sold during a period.
Brand: Quizplus
Rating: 5.0 (35 reviews)

Question

Quizplus · Accepted Answer

Cost of goods sold (COGS) is the total cost of producing the goods or services that were sold during a given period, including materials, labor, and overhead. It is an important measure of a company's profitability and is often used in calculating gross profit margin.

Cost of Goods Sold Is the Total Product Cost of the Units