Cost of goods sold meaning

Business and Personal Finance: What Goes into Selling Costs

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Standard Operating Expenses – What Goes into Selling Costs Selling costs include just what you would expect: any expense involved in selling your products or services that tie in directly with sales. For example, sales commissions would count as a selling cost, as would shopping bags and delivery charges (when you deliver something to your … Read more

Business and Personal Finance: Figure Out Cost of Goods Sold

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The Inventory-Cost Connection: Figure Out Cost of Goods Sold In order to figure out your profit or loss for a period, you need to know several key figures. One of the most crucial is the cost of goods sold; with that number, you can calculate your gross profit and begin to get down to the … Read more