cost of sales
A Dictionary of Business and Management
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2006
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© A Dictionary of Business and Management 2006, originally published by Oxford University Press 2006. (Hide copyright information)
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cost of sales (cost of goods sold; COGS) A figure representing the cost to an organization of supplying goods or services for sale, excluding administration and other general overheads. In a sales organization, it is the
opening stock at the beginning of an accounting period plus the purchases for the period, less the closing stock at the end of the period. In a manufacturing organization, the purchases for the period would be replaced by the
production cost of finished goods for the period. In a service providing organization, the cost of sales would be calculated as
direct costs adjusted by the opening and closing values of
work in progress. The cost of sales figure is deducted from the sales revenue to obtain the
gross profit for the period.
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Borodin, Aleksandr Porfirevich
Dictionary entry from: Complete Dictionary of Scientific Biography
Borodin, Aleksandr Porfirevich ( b . St Petersburg, Russia...27 February 1887) chemistry . Borodin was the illegitimate son of the...Figurovski and Y. I. Soloviev, Aleksandr Porfirevich Borodin (Moscow Leningrad. 1950...
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Aleksandr Porfirevich Borodin
Book article from: The Columbia Encyclopedia, Sixth Edition
Aleksandr Porfirevich Borodin , 1833-87, Russian composer, chemist, and physician. He studied at the academy of medicine in St. Petersburg, where he...
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Aleksandr Profirevich Borodin
Encyclopedia entry from: Encyclopedia of World Biography
Aleksandr Profirevich Borodin The Russian composer Aleksandr Porfirevich Borodin (1833-1887) was also a physician...Conn.: Greenwood Press, 1980. Aleksandr Porfirevich Borodin: a chemist's biography, Berlin...
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