APT Initiatives
APT Business & Economics Resources
Minimising Workloads, Maximising Performance
Established in 1999

Special Items

Cost of sales

Costs directly involved in producing the product or service, eg the cost of materials used to produce a business’s product, wages paid to production staff (direct labour). Cost of sales, with regard to materials, is cost of materials actually used / sold, not purchased. This is calculated by adding the cost of any purchases to the value of the opening inventories (stock) and then deducting the value of the closing stock (inventories).

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