Cost of goods sold has to do with the amount which the retailer has paid for goods actually resold. It includes the invoice cost, discounts, rebates, shrinkage and freight charges.

The formula to compute the cost of goods sold is: opening stock at cost plus purchases at cost less closing stock at cost

Ref: 123383/2006-10-03


Other Database Pages Exist for this Phrase:
Goods (Goods are tangible products for sale that can be ...)


Alternative Spellings (Synonyms): costs

You have no rights to post comments

Related Articles

Goods ■■■
Goods are tangible products for sale that can be held or touched; - - See also:; "Goods" is in the NAICS . . . Read More
Solar charge controller ■■
We are Solar charge controllers manufacturer ( from 3A-80A, PWM, MPPT, IP68 ); Can you kindly tell us . . . Read More
Muj we can supply cheapest ship cost door to door by air if ■■
Muj we can supply cheapest ship cost door to door by air if: We are professional ship company, door . . . Read More
Discount at travel-glossary.com■■
Discount may refer to reductions to the basic prices of goods or services or a financial mechanism in . . . Read More
Professional logistics company from Shenzhen China(USD 2.1/KG by ■■
Professional logistics company from Shenzhen China(USD 2.1/KG by: Are you looking for a reliable freight . . . Read More
The electronic market around you. ■■
The electronic market around you.: PCB Assembly: SIMENTOR have big capabilities for SMT/SMD assembly . . . Read More
Break-even point at travel-glossary.com■■
Break-even point (BEP)  is the point at which revenues and Expenses are the same. For example, the . . . Read More
Capability ■■
Capability has to do with the ability to execute a specified course of action as it is defined by an . . . Read More
Lightweight ■■
Lightweight is a class of athletes in a particular sport, based on their weight in kilograms/pounds/stones; . . . Read More
Spread ■■
Spread may refer to a statistical dispersion or a Bid-offer spread, between the buying and selling price . . . Read More