what is the COGS ? √√√√ Prepaid rent , Fictitious assets & Basis knowledge of

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COGS stands for Cost of Goods Sold, which is the direct cost of producing goods or services sold by a company.

COGS includes the cost of materials, labor, and overhead expenses directly related to the production of goods or services.
It is subtracted from the revenue generated by the sale of goods or services to determine the gross profit.
COGS is an important metric for businesses to track as it directly impacts their profitability.
Examples of COGS include the cost of raw materials used in manufacturing, wages paid to production workers, and shipping costs for products sold.

what is the COGS ? √√√√ Prepaid rent , Fictitious assets &amp; Basis knowledge of