cost of goods *sold COGS is reported on the income statement and is subtracted from revenue to determine the gross profit. COGS is a specific accounting term. It specifically refers to the cost of goods that have been sold during a particular period. COG is a term referring to the cost incurred to produce or acquire goods. This term is broader and can be used in various contexts, incl. inventory evaluation. Hope that helps!
@ShortGirlFlipper15 сағат бұрын
Cost Of Goods Sold...basically what I paid for my items. Thanks for watching!!