COGS Do Not Include Administrative Costs
Administrative and marketing expenses, which cannot be directly attributed to the manufacture of products, are not included in COGS.
Rather those expenses are included under Selling, General and Administrative Expenses (discussed in the following section).
6. COGS
Exercise
|
6. COGS
Solution
|
Get Crash Course in Accounting and Financial Statement Analysis, Second Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.