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

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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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