![Cost of goods sold (COGS) using Anglo-Saxon Accounting](https://www.broadtech-innovations.com/wp-content/uploads/2020/05/COGS--600x394.png)
Cost of goods sold (COGS) using Anglo-Saxon Accounting
Cost of goods sold (COGS) refers to the direct costs of producing or procuring the goods sold by a company. COGS is deducted from revenues (sales) in order to calculate gross profit and gross margin. Higher COGS results in lower margins The COGS i...