Schedule Of Cost Of Goods Sold (SCOGS) is a detailed report that categorizes and calculates the cost of goods sold by a business. It tracks things like manufacturing costs, inventory expenses, materials used in production, taxes, shipping fees and any other costs associated with making and delivering the product. By tracking these costs, businesses are able to better understand their pricing strategies, forecast future cost of goods sold, and make more informed decisions about how to best manage their production process. By utilizing SCOGS businesses can maximize their profits and remain profitable in the long run.