Business and Personal Finance: What Goes into Selling Costs

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

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

Business and Personal Finance: Inventory Transforms into Cost of Goods

The Inventory-Cost Connection: Inventory Transforms into Cost of Goods Whether you are a manufacturer, a wholesaler, or a retailer, you sell some kind of product. When you sell some kind of product, first you have to create or buy it. The products you have on hand, the ones that you intend to sell to your … Read more