What is the cost of goods sold

What is Cost of Goods Sold ? cost of goods sold Cost of Goods Sold refers to the direct expenses incurred by a business in producing or acquiring the goods it sells It includes the cost of raw gokickoff Cost of goods sold is an expense account, so it is increased by a debit entry and decreased by a credit entry When making a journal entry, COGS is debited and

post office The formula for calculating cost of goods sold is the sum of the beginning inventory balance and purchases in the current period,