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 ...

No aspect of business proves the adage "to make money you must spend money" truer than inventory; or more to the point – the cost of goods sold. Knowing how much your products cost to make and sell ...

Cost of goods sold can be determined after sales revenue and before gross profit on a multiple-step income statement. The cost of goods sold balance is an estimation of how much money the company ...

Cost of goods sold (COGS) is an important metric contributing to a business's overall gross profit and long-term growth prospects. This key performance indicator impacts everything from your tax rate ...

The Tax Court held that a medical marijuana dispensary was required to calculate its cost of goods sold (COGS) using the rules of Sec. 471 rather than Sec. 263A because Sec. 263A does not allow the ...

This blog post will be in two parts. The first part will provide the reader with an understanding of the laws and concepts associated with the taxation of the marijuana business. The second part will ...

Brian Beers is a digital editor, writer, Emmy-nominated producer, and content expert with 15+ years of experience writing about corporate finance & accounting, fundamental analysis, and investing.