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Cost Of Goods Sold Manufacturing

oboloo Glossary

Cost Of Goods Sold Manufacturing

Cost Of Goods Sold Manufacturing, or COGS Manufacturing, is an accounting term that refers to the direct costs associated with manufacturing a product. This includes raw material, labour and overhead expenses associated with creating finished goods. COGS Manufacturing is important because it helps businesses determine their total cost of production, which in turn can affect the pricing of products or services. It also allows for accurate budgeting and forecasting, allowing businesses to make better-informed decisions about how much to invest in production and other aspects of the business. In conclusion, COGS Manufacturing is an essential part of any business’s success!

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