COGS Entries

A cost of goods journal entry is made to reflect the costs associated with inventory sold to customers during the […]

Cost of goods sold (COGS) is an essential cost represents the direct costs attributable to the production of goods sold

“Cost of sales” is also known as “cost of goods sold” or COGS which is a represents the direct costs

The Cost of Goods Sold Journal Entry is Debit the Cost of Goods Sold Account and Credit the Inventory/Purchase Account.