Cost of goods sold (COGS) is all costs the company incurred in producing goods and providing services. It consists of labor costs, raw materials, overhead, finished goods inventory costs. COGS covers most of the company's expenses. The value is
Expense
Selling, general and administrative expenses (SG&A expenses)
Selling, general, and administrative expenses are operating expenses unrelated to the production of goods or services provided. Examples are executive salaries, salaries of non-production staff, insurance, advertising and promotions, and travel and
Expense: Meaning, How It Reported in The Financial Statements
Expense is the cost of providing goods and services. In accounting, it represents an outflow of resources from a company during an accounting period. That includes purchasing raw materials, paying rent, wage labor, depreciation, and marketing and