Understanding how to calculate the Cost of Goods Sold (COGS) is essential for any business owner. COGS represents the direct costs tied to producing goods that a company sells during a specific time.

What goes into generating a single dollar of revenue, in your business? Can you accurately define your true operating costs? So many times I’ve heard owners say: “I take my material cost and multiply ...

Cost of goods sold (COGS) is the determination of how much it costs retailers, wholesalers and manufacturers to produce the goods they sell. For makers and resellers of products, COGS, sometimes also ...