Question

What is meant by 'Cogs' ?

• A. Cost of goods sold
• B. Cost of good sold
• C. Cost of goods send
• D. Cost of good send

Answer 1

Answer:

A. Cost of goods sold

• 'Cogs' stands for Cost of goods sold.

• It refers to the total direct costs that a company incurs to produce or acquire the products that it sells during a certain period. These direct costs typically include expenses for raw materials, direct labor, and manufacturing overhead necessary to create the finished goods