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Reviewing the Cost of Goods Sold (“COGS”) and Gross Profit line items, and the typical distinction between Gross Margin and Gross Profit.
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Similar to revenue, sometimes what
companies call COGS will change.
0:00
We can see that Apple
refers to cost of sales.
0:04
Sometimes you'll see cost of revenue or
cost of services.
0:08
As we are introducing concepts, don't get
hung up on why they are named differently.
0:12
The main thing to internalize is that
COGS represents costs that are directly
0:18
associated with the revenue or
sales you earned.
0:23
I'll use an example I've given in other
courses because it's a great example.
0:27
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