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What is Cost of goods sold? How it affects in the Gross Profit or Gross Loss?

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تم إضافة السؤال من قبل مستخدم محذوف‎
تاريخ النشر: 2017/03/09
mostafa elzanaty
من قبل mostafa elzanaty , Financial Controller , Technical Trading Co.

Cost of goods sold (COGS) are the direct costs attributable to the production of the goods sold by a company. This amount includes the cost of the materials used in creating the good along with the direct labor costs used to produce the good. It excludes indirect expenses such as distribution costs and sales force costs. COGS appears on the income statement and can be deducted from revenue to calculate a company's gross margin. Also referred to as "cost of sales.

Soliman Abd  ALmalak Gendy
من قبل Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

Cost of goods sold is the accumulated total of all costs used to create a product ,or a service which has been sold. -These costs fall into the sub- categories of direct labor, materials and overhead. -

Abdullah Aziz Eldain Morsi  Elgendy -        CMA  Candidate
من قبل Abdullah Aziz Eldain Morsi Elgendy - CMA Candidate , Regional Receivable Accountant , Amiantit Group of Companies

direct costs attributable to the production of the goods sold by a company. This amount includes the cost of the materials used in creating the good along with the direct labor costs used to produce the good. It excludes indirect expenses such as distribution costs and sales force costs.

if  it is  over the sales revenue will  as loss ,effected negative , the reverse will be if being , less than revenue   

Ismail  Abdelaziz Mohamed Badawi
من قبل Ismail Abdelaziz Mohamed Badawi , مدير حسابات , مجمع الميدان الأزرق الطبي

Thanks for the invite

I agree with fellows

ahmed mohamd shatat
من قبل ahmed mohamd shatat , محاسب عام , شركة شتات للمقاولات العامة

COST of goods sold is the accumulated total of all costs used to create a product

or a service which has been sold It excludes indirect expenses 

If the cost greater than revenue the result is a loss and vice versa

مستخدم محذوف‎
من قبل مستخدم محذوف‎

Cost of goods sold is the direct cost to produce or manufacture a product or service before it can be sold. Direct expenses include materials, labour to manufacture, import and customs duty, freight inwards and clearing inwards.

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