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Understanding Cost of Goods Sold (COGS) and Its Calculation

Whether you are a business owner or simply an industrial enthusiast, understanding the basic financial terms can come a handy, especially something as important as Cost of Goods Sold (COGS). It’s an essential element in determining not just the businesses’ profitability but also in shaping the pricing strategies. What is Cost of Goods Sold (COGS)? …

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