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Cost of sales
COST OF SALES

Definition: (finance) The amount that it costs a business to produce and sell something.
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* All six or seven elements, as applicable, would be in.


1. Purposeful and necessary to know costs.

2. The production cost is calculated correctly.

3. Opportunity cost, if any, is known and considered.

4. Advertising, storage and marketing expenses would have been added.

5. The relevant overheads will be completely covered.

6. Sales tax would be appropriately paid on goods.

7. The figure arrived at serves purpose(s).
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* WHATEVER THE AMOUNT.

See perfect PRODUCTION COST.

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