Is the cost of goods sold an expense: exploring COGS

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If the inventory value included in COGS is relatively high, then this will place downward pressure on the company’s gross profit. For this reason, companies sometimes choose accounting methods that will produce a lower COGS figure, in an attempt to boost their reported https://accounting-services.net/accounting-discussion-questions-chapter-3-4/ profitability. Costs of revenue exist for ongoing contract services that can include…