Inventory Cogs is a term used to describe the cost of goods or services sold by a business. It includes all costs associated with purchasing, storing and delivering products to customers. This includes raw materials, labor costs, packaging, shipping, taxes and any other cost that is associated with producing a product. Inventory Cogs is an important factor when calculating a business’s profitability and financial performance. Understanding the cost of goods sold helps businesses make informed decisions about pricing policies, inventory management and production levels. By keeping track of Inventory Cogs, businesses can ensure they remain competitive and profitable in their markets.