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Glossary·2 min read

COGS

Definition: cost of goods sold

Warehouse shelving of labelled inventory totes with a clipboard in the foreground, illustration for COGSGlossary

The short answer

The total cost of the inventory that sold in a period.

Cost of Goods Sold (COGS) is the total cost of the inventory you sold in a period. It includes bid, buyer fee, freight, and receiving labor.