Definitions for "cost of sales"
Keywords:  cogs, raw, sold, gross, good
On an income statement, the cost of purchasing raw materials and manufacturing...
A category in the financial statements of a business that gives the cost of all items sold during the time period covered by the profit and loss statement. "Cost of Sales" is subtracted from "Sales" on the profit and loss statement (income statement) to arrive at "Gross Profit."
Cost of good sold (COGS) for a given sales period, or used in place of COGS in service industries.
Includes the historical cost of inventory, distribution costs incurred in bringing the inventory to the retail locations, markdowns and promotional costs.
Cost components directly related to turnover.