Cost of Goods Sold for Makers: What It Means and Where Product Costs Belong
Cost of Goods Sold sounds like stiff accounting speak, but for handmade business owners it answers a very practical question: what did it actually cost to make and sell the products you sold? In this post, we’ll break down what COGS means, where it shows up on your Profit & Loss Report, and why the yarn, fabric, beads, wax, clay, packaging, and selling fees connected to sold products matter more than your sales number alone.
