cost of sales


cost of sales
= cost of goods sold; COGS
A figure representing the cost to an organization of supplying goods or services for sale, excluding administration and other general overheads. In a sales organization, it is the opening stock at the beginning of an accounting period plus the purchases for the period, less the closing stock at the end of the period. In a manufacturing organization, the purchases for the period would be replaced by the production cost of finished goods for the period. In a service providing organization, the cost of sales would be calculated as direct costs adjusted by the opening and closing values of work in progress The cost of sales figure is deducted from the sales revenue to obtain the gross profit for the period.

Big dictionary of business and management. 2014.

Look at other dictionaries:

  • cost of sales — ˌcost of ˈsales noun [uncountable] ACCOUNTING another name for cost of goods sold: • Fuel represented less than 3% of Carnival s cost of sales. * * *    ► See Operating Costs. * * * cost of sales UK US noun [U] ACCOUNTING …   Financial and business terms

  • cost of sales — cost of goods sold; = COGS A figure representing the cost to an organization of supplying goods or services for sale, excluding administration and other general overheads. In a sales organization, it is the opening stock at the beginning of an… …   Accounting dictionary

  • cost of sales — COS The *direct costs of a product sold. Cost of sales includes *raw material costs, and costs directly attributable to production, but it excludes nonproduction *overheads. The *gross income of an item is calculated as its revenue less cost of… …   Auditor's dictionary

  • cost of sales — 1. in retailing : the purchase cost or inventory value of merchandise sold during a stated period plus the cost of direct work thereon (as alterations or workroom charges) 2. in manufacturing : the production cost or inventory value of goods sold …   Useful english dictionary

  • cost of sales — /ˌkɒst əv seɪlz/ noun all the costs of a product sold, including manufacturing costs and the staff costs of the production department, before general overheads are calculated. Also called cost of goods sold …   Dictionary of banking and finance

  • cost of sales — /ˌkɒst əv seɪlz/ noun all the costs of a product sold, including manufacturing costs and the staff costs of the production department, before general overheads are calculated …   Marketing dictionary in english

  • cost of sales adjustment — COSA An adjustment to the trading profit of an organization as a result of a holding gain on the cost of sales. This occurs in current cost accounting …   Accounting dictionary

  • direct cost of sales — The cost of sales, expressed as direct materials, direct labour, and direct expenses only. The direct cost of sales excludes any overhead …   Accounting dictionary

  • direct production cost of sales — See: direct cost of sales …   Accounting dictionary

  • Себестоимость реализации, Себестоимость реализованных товаров (COST OF SALES, COST OF GOODS SOLD)  — Себестоимость товаров или услуг, реализация которых отражена в доходах; другими словами, себестоимость произведенной (закупленной) продукции плюс или минус изменение в запасах готовой продукции (или товаров) …   Словарь терминов по управленческому учету


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