The accrued cost of the goods (or services) supplied in a period; the difference between sales and gross profit....more on Cost of sales
Cost of sales:
A formula for working out the direct costs of your sales (including stock) over a particular period.
Also known as Cost Of Goods Sold (COGS). The cost of providing a service or manufacturing a product, including labour, materials and overheads
The cost to a company of producing goods. Similarly with a retailer or distributor type business,... <a target=_blank href='http://www.finance-glossary.com/terms/cost-of-sales.htm?id=319&ginPtrCode=00000&PopupMode=false' title='Read full definition of cost of sales'>more</a>
The cost of sales, also known as the cost of goods sold (COGS), represents the direct costs related to the manufacturing or purchasing of a good that is sold to a customer. Companies use this measurement to calculate their?gross margin.