Question

what is COGS?? explain with example​​

Answer 1

ANsWER :-

• Cost of goods sold is the accounting term used to describe the expenses incurred to produce the goods or services sold by a company. ... Examples of what can be listed as COGS include the cost of materials, labor, the wholesale price of goods that are resold, such as in grocery stores, overhead, and storage

Answer 2

Cost of goods sold is the accounting term used to describe the expenses incurred to produce the goods or services sold by a company. ... Examples of what can be listed as COGS include the cost of materials, labor, the wholesale price of goods that are resold, such as in grocery stores, overhead, and storage.