Cost Of Goods Sold. 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 sales.

Use COGS in a sentence

I asked the man what the cogs were and he did not give me an answer, so I went to the next man and and asked him.

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The COGS was presented to the CPA as the new accountant had prepared all of the accounting measures and statements.

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My boss believes that one of the best numbers we can show our shareholders for how strong our company is performing is to show the actual costs we incur for production through our COGS.

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co-financing average cost flow assumption