Cost of Goods Sold

Also known as Cost of SalesThe total amount in dollars made in the business before expenses are deducted. See also Gross Revenue., Cost of Goods SoldAlso known as Cost of Sales, Cost of Goods Sold includes the direct costs associated with generating revenue. Depending on the business, it can be physical products, supplies, and/or payroll. More includes the direct costs associated with generating revenue. Depending on the business, it can be physical products, supplies, and/or payroll.