In this example, your cost of goods sold for the month is $12,000, which represents the cost of clothing items that you sold during that period. Is COGS An Expense?

Understanding how to calculate the Cost of Goods Sold (COGS) is essential for any business owner. COGS represents the direct costs tied to producing goods that a company sells during a specific time.

Businesses in a range of industries have raced to figure out how to handle rising costs in the middle of a shakeup in global ...

The average American family will pay about $2,500 more this year because of tariffs. But unlike inflation, your wages won't rise to compensate. That's because tariffs work differently than inflation.

Goods that come into the United States from China via private carriers like DHL or FedEx will be subject to tariffs of at least 145 percent — for example, adding $14.50 of duties to a $10 T-shirt.