Dictionary of Business Terms: cost of goods sold
cost of goods sold
figure representing the cost of buying raw materials and producing finished goods. Included are clear-cut factors, such as direct factory labor, as well as others that are less clear-cut, such as overhead.
Dictionary of Finance and Investment Terms: cost of goods sold
cost of goods sold
figure representing the cost of buying raw materials and producing finished goods. Depreciation is considered a part of this cost but is usually listed separately. Included in the direct costs are clear-cut factors such as direct factory labor as well as others that are less clear-cut, such as overhead. Cost of sales may be used as a synonym or may mean selling expenses.
