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Cost of goods sold and cost of services

The cost of goods sold can also be called cost of sales (COS), cost of income or cost of<br>the product, depending on whether it is a product or service. Includes all costs directly<br>involved in the production of a product or in the delivery of a service. These costs may<br>include labor, material and shipping. The underlying idea is to measure all the costs<br>directly associated with the manufacture of the product or the provision of the service.<br>Are all these directly related to the manufacture of the product? Or are they operating<br>expenses, such as the cost of the human resources manager? There is the same ambiguity<br>in the service environment. The cost in a service company generally includes the labor<br>associated with the delivery of the service.

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Cost of goods sold and cost of services

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