on an income statement, the cost of purchasing raw materials and manufacturing finished products. Equal to the beginning inventory plus the cost of goods purchased during some period minus the ending inventory; also called cost of sales.
COST OF GOODS SOLD, COGS
Meaning of COST OF GOODS SOLD, COGS in English
Raynet Business and Marketing English glossary. Английский глоссарий компании Raynet Business and Marketing . 2012