Learn more about Cost of Goods Sold and how to calculate it in this associated article: social.ora.cl/6006wKofu
The cost of goods sold, or COGS, is the accumulated cost of producing a product, which can include the cost and transportation of raw materials, labor needed to manufacture the goods and factory overhead. COGS is important in establishing healthy profit margins, driving decision-making that cuts costs, determining gross profit as well as net income, and ultimately, increasing profitability.
Liked this video? Check out these!
○ • What is Logistics? The...
○ • What Is Procurement So...
○ • What is Warehouse Mana...
Don’t forget to like, comment, and subscribe!
○ Subscribe: bit.ly/NetSuiteKZread
Follow Us Here:
Oracle NetSuite
○ LinkedIn: bit.ly/NetSuiteLI
○ Facebook: bit.ly/NetSuiteFB
○ Instagram: bit.ly/NetSuiteIG
○ Twitter: bit.ly/NetSuiteTW
#NetSuite #COGS #CostOfGoods #CogsFormula