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Re: joenatural post# 136

Friday, 01/09/2015 4:35:56 PM

Friday, January 09, 2015 4:35:56 PM

Post# of 238
ROFLMAO. Why don't you post your accounting link to show that unsold inventory is a component of Cost of Goods SOLD.

I'm not trying to tell people anything. GPDB told you that when they factor in all the costs of selling a product, excluding overhead, they get less in revenue than it cost them. COGS DOES include shipping costs and other costs DIRECTLY RELATED TO GENERATING THE SALE.

You need to read an accounting book, because you just don't get the concept of COGS.

Competing is intense among humans, and within a group, selfish individuals always win. But in contests between groups, groups of altruists always beat groups of selfish individuals.
E. O. Wilson