Cost of Goods & Services
Metadata
- Id:
is_cog_and_services_sold
- Type:
fundamentals
- Subtype:
income_statement
- Units:
currency
- Decimal Points:
0
- Currency Convertible:
Yes
Description
The direct costs associated with providing services or producing goods that a company sells are called cost of goods and services (COGS). These costs include the labor, materials, and overhead expenses that are directly related to the revenue-generating activities of the company. Another name for this is ‘cost of revenue’ or ‘cost of sales’.