Definition of
cost of goods sold
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1.
money spent on products to sell for a retailer, the cost of buying and acquiring the goods it sells to its customers
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2.
money spent on supplying services for a service firm, the cost of the employee services supplied
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3.
money spent manufacturing products to sell for a manufacturer, the cost of buying the raw materials and manufacturing finished products.
Related definitions of "cost of goods sold"
- Abbr COGS
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