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What expenses are included in COGS?

Asked 3 years ago

How do I know which expenses are and are not included in the COGS calculation?

Jolina Regin

Tuesday, November 09, 2021

The costs of goods sold are the costs that produce products or services like direct materials and labor. They are costs involved in production only, not distribution or marketing costs. Also, indirect costs like indirect labor and materials are not to be included in the cost of goods sold.

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