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    what is cost of goods

    0  Views: 667 Answers: 2 Posted: 13 years ago

    2 Answers

                    Depends on the Goods


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    Ducky

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    Yikes!

    In accounting terms, if your business buys something and resells it for different price, the "COST OF GOODS SOLD" is the price you, as the business, pay for the items that you sell to others.  


    For example, if I make earrings, and spend $5.00 for beads, wires, and pins, then sell them for "Whatever", the "Cost of Goods Sold"  is $5.



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