Cost Of Sales

Business, Legal & Accounting Glossary

Definition: Cost Of Sales


Cost Of Sales


Full Definition of Cost Of Sales


On an income statement, the cost of purchasing raw materials and manufacturing finished products. Equal to the beginning inventory plus the cost of goods purchased during some period minus the ending inventory. also called Cost Of Goods Sold (COGS).


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March 29, 2024 https://payrollheaven.com/define/cost-of-sales/.
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Cost Of Sales. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/cost-of-sales/ (accessed: March 29, 2024).
American Psychological Association (APA):
Cost Of Sales. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/cost-of-sales/

Definition Sources


Definitions for Cost Of Sales are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.