What is cost of goods sold and how to calculate it

Your cost of goods sold (COGS) consists of all the direct costs associated with producing your goods or services. Calculating costs of goods sold helps you determine the true cost of the merchandise or services you sell.

This article is for informational purposes. This content is not legal advice, it is the expression of the author and has not been evaluated by LegalZoom for accuracy or changes in the law.

Contents

updated November 28, 2023 · 3min read


Janet Berry-Johnson

by Janet Berry-Johnson

A freelance writer with a background in accounting and income tax planning and preparation for individuals and small ...

Read more...

Twitter logoFacebook logoLinkedIn logoReddit logo

You may also like

Trademarks

Why do I need to conduct a trademark search?

By knowing what other trademarks are out there, you will understand if there is room for the mark that you want to protect. It is better to find out early, so you can find a mark that will be easier to protect.

November 21, 2023 · 4min read

Estate Planning Basics

How to talk to your family about estate planning

Want to talk to your parents or grandparents about estate planning, but feel like the topic is taboo? You're not alone. Discussions about estate planning are difficult for many families. Use our tips to broach the subject with sensitivity.

November 28, 2023 · 2min read

Estate Planning

What is a power of attorney (POA)? A comprehensive guide

Setting up a power of attorney to make your decisions when you can't is a smart thing to do because you never know when you'll need help from someone you trust.

November 28, 2023 · 14min read