What is COGS? |
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Learn more about Cost of Goods Sold and how to calculate it in this associated article: https://social.ora.cl/6006wKofu
The cost of goods sold, or COGS, is the accumulated cost of producing a product, which can include the cost and transportation of raw materials, labor needed to manufacture the goods and factory overhead. COGS is important in establishing healthy profit margins, driving decision-making that cuts costs, determining gross profit as well as net income, and ultimately, increasing profitability. Liked this video? Check out these! ○ https://youtu.be/MMyZ9Pu01RI ○ https://youtu.be/BHIT8Crvsro ○ https://youtu.be/JoZKfDcruKE Don’t forget to like, comment, and subscribe! ○ Subscribe: http://bit.ly/NetSuiteYouTube Follow Us Here: Oracle NetSuite ○ LinkedIn: http://bit.ly/NetSuiteLI ○ Facebook: http://bit.ly/NetSuiteFB ○ Instagram: http://bit.ly/NetSuiteIG ○ Twitter: http://bit.ly/NetSuiteTW #NetSuite #COGS #CostOfGoods #CogsFormula |