Cost of Goods Sold (COGS) Measure

Context:
- It can be associated with Labor Costs (associated with labor hours).
- It can (often) be referenced by a Net Income Measure.
- …
Counter-Example(s):
- Net Revenue.
- Gross Profit Margin.
See: Costs of Purchase, Costs of Conversion, Costs, Operational Expenses (OPEX).

References

http://www.investopedia.com/terms/c/cogs.asp
- QUOTE: Cost of goods sold (COGS) are the direct costs attributable to the production of the goods sold by a company. This amount includes the cost of the materials used in creating the good along with the direct labor costs used to produce the good. It excludes indirect expenses such as distribution costs and sales force costs. COGS appears on the income statement and can be deducted from revenue to calculate a company's gross margin. Also referred to as "cost of sales."
  COGS is the cost of 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.
  For example, the COGS for an automaker would include the material costs for the parts that go into making the car along with the labor costs used to put the car together. The cost of sending the cars to dealerships and the cost of the labor used to sell the car would be excluded.

(Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/Cost_of_goods_sold Retrieved:2015-9-29.
- Cost of goods sold (COGS) refer to the carrying value of goods sold during a particular period.
  Costs are associated with particular goods using one of several formulas, including specific identification, first-in first-out (FIFO), or average cost. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. Costs of goods made by the business include material, labor, and allocated overhead. The costs of those goods not yet sold are deferred as costs of inventory until the inventory is sold or written down in value.