where to find cogs on financial statements

where to find cogs on financial statements refers to the section of a company’s financial statements where the Cost of Goods Sold (COGS) is reported. Typically, COGS can be found on the income statement, also called the profit and loss (P&L) statement. This figure represents the direct costs incurred in producing goods or services sold by the company. It includes costs such as raw materials, labor, and manufacturing expenses. Understanding COGS is essential for evaluating profitability and the efficiency of a company’s production process.