Definition: Cost of Goods Sold (CGS) are the costs directly related to the purchase or production of whatever the company sells.
Also Known As: cost of sales, CGS
Cost of Goods Sold
By F. John Reh, About.com
Explore Management
Must Reads
About.com Special Features
Start your new business on the right foot with these helpful tips. More >
Easy steps to take control of your credit card debt. More >
©2009 About.com, a part of The New York Times Company.
All rights reserved.