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Cost of sales is an economical term describing the sum of all expenses that directly contribute to the generation of revenue. Wikipedia does not have an article with this exact name. ... In accounting, the cost of goods sold describes the direct expenses incurred in producing a particular good for sale, including the actual cost of materials that comprise the good, and direct labor expense in putting the good in salable condition. ... Wikibooks has more about this subject: Economics Wikibooks Wikiversity has more about this subject: School of Economics U.S. Economic Calendar Economics at the Open Directory Project Economics textbooks on Wikibooks The Economists Economics A-Z Institutions and organizations Bureau of Labor Statistics - from the American Labor Department Center... In accounting, an expense is a general term for an outgoing payment made by a business or individual. ... For the tax agency in the UK of the same name , see HM Revenue and Customs. ...

These expenses vary with the type of business.

In accounting, cost of sales is usually an equivalent term to cost of goods sold (COGS). In a manufacturing firm, such as Coca Cola, cost of sales would include the direct materials (aluminum, water, syrup), direct labor (wages of factory workers), and manufacturing overhead (line manager, utilities, rent, insurance for factory) that went into making only the products that were sold. Accountancy (British English) or accounting (American English) is the process of maintaining, auditing, and processing financial information for business purposes. ... In accounting, the cost of goods sold describes the direct expenses incurred in producing a particular good for sale, including the actual cost of materials that comprise the good, and direct labor expense in putting the good in salable condition. ...

The cost of sales for a merchandising firm typically includes the cost of the inventory sold, warehouse and transportation costs, and other costs associated with bringing inventory to stores. It does not include costs associated with retail stores, and wages for retail employees.

Cost of sales may be shown on a company's income statement. Alternate names include "cost of goods sold" and "merchandise costs". Service firms, such as airlines, do not typically have a line for cost of sales on their income statements. Also called Profit and Loss Account or in reference to charitable organizations Income and Expenditure Account. ...