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 ...

Understanding how to calculate the Cost of Goods Sold (COGS) is essential for any business owner. COGS represents the direct costs tied to producing goods that a company sells during a specific ...

If you’re a business owner who has never clearly defined their operating costs, you could be seriously underbidding your products and services! Learn how one business avoided disaster, and ...

For AV integrators, real growth requires not just tracking topline revenue but also the standard costs measures.

Knowing your monthly operating expenses is crucial to managing your cash flow and budget. Operating expenses are costs that happen regularly, such as rent, utilities and payroll. They could also ...

Gross Margin and Contribution Margin are metrics used to measure profitability, but each uses a different method.

To calculate ending inventory with the specific identification method, you track the exact purchase price and other costs related to individual items. The total cost of the inventory items at the ...

Calculating the cost of goods sold gives a business insight into its performance and helps calculate profit.

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 ...