cost of goods sold

Noun

Meaning

cost of goods sold (plural costs of goods sold)

(accounting) The expense of acquiring the inventory that is sold during a given accounting period.

Source: en.wiktionary.org

Examples

Additionally, we recorded inventory transfer costs of $0.1 million pretax ($0.1 million after tax) during the three months ended September 28, 2019 which were included in Cost of goods sold. Source: Internet

Close letter words and terms

cost of acquisition cost of capital cost of doing business cost of living cost of money cost of operating