Deduction in the price of the goods sold is called:
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Cost of goods sold (COGS) includes all of the costs and expenses directly related to the production of goods. ... COGS is deducted from revenues (sales) in order to calculate gross profit and gross
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Key Takeaways.
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Key Takeaways. Cost of goods sold (COGS) includes all of the costs and expenses directly related to the production of goods. COGS excludes indirect costs such as overhead and sales & marketing. COGS is deducted from revenues (sales) in order to calculate gross profit and gross margin.
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