cost of goods sold definition

Glossary: cost of goods sold Cost of goods sold is traditionally the costs of materials and production of the goods a business sells. For a manufacturing company COGS is materials, labor, and factory overhead. For a retail shop COGS would be what it pays to buy the goods that it sells to its customers. Click here for more cost of goods sold / Dictionary of Terms Enter your email address below for cost of goods sold and Business Planning information. Definition: cost of goods sold If you need assistance in developing a business plan, our staff of industry leading consultants can assist you in preparing a winning presentation. Contact us for a business plan quote to learn more about how we define cost of goods sold and how we can help you complete your business plan today. Additional terms to learn about cost of goods sold definitions Glossary: cost of goods sold business plan definition - © 2001-2003 HJ Ventures International, Inc.