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Running Your Business:
Simplifying Cost of Goods Sold
By David Scott Peters

Anyone responsible for the day-to-day operation of a restaurant must understand what Cost of Goods Sold represents and how to complete the standard calculation.

What is Cost of Goods Sold?

What does Cost of Goods Sold refer to?  In the most basic terms, Cost of Goods Sold refers to “what the cost of the product used was to generate sales.”



The full version of this article is now available on Restaurant Report's membership site RunningRestaurants.com.

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