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cost of sales

   Also found in: Financial, Acronyms, Wikipedia 0.02 sec.

cost of sales

In business, the cost incurred directly in making sales. This may include the cost of raw materials or goods bought for resale and labour costs incurred in producing goods. It does not include overhead costs.



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? Mentioned in ? References in periodicals archive
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When gross sales are $1 and the cost of sales is 75 cents, the gross margin is 25 percent.
Cost of sales for the three months ended September 30, 2006 was $1,402,975 or 100.
Cost of sales in the third quarter of 2006 decreased by $342,939 to $1,422,788, or 61.
 
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