What’s Included in Cost of Goods Sold (COGS) for a Service Business? A Comprehensive Guide
The term “Cost of Goods Sold” (COGS) often evokes images of inventory-laden warehouses and production lines. It’s a term deeply ingrained in the manufacturing and retail sectors, representing the direct costs associated with producing goods for sale. But what happens when your business doesn’t sell tangible goods? What constitutes COGS for a service-based company? The … Read more