Can I know in simple terms about Cost of goods sold and operating expenses.
Topic on operating expenses and cost of goods sold
rajesh (Asst Manager) (71 Points)
26 October 2011
Bhaskar Unnikrishnan CPA CMA
(Accounts / Administration)
(414 Points)
Replied 26 October 2011
COGS is the costs that go into creating the products that a company sells; therefore, the only costs included in the measure are those that are directly tied to the production of the products.
Operating Costs are those which do not fall in above category, eg: office stationary, insurance etc.
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