Statistical Terms

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Definition	In the manufacturing industry, it refers to the cost of finished goods in its beginning inventory plus the cost of goods manufactured minus the cost of finished goods in ending inventory. In the manufacturing industry, it refers to the cost of finished goods in its beginning inventory plus the cost of goods manufactured minus the cost of finished goods in ending inventory Cost of sales (retailing) = Cost of merchandise in its beginning inventory + Cost of merchandise purchased - Cost of merchandise in its ending inventory Cost of sales (manufacturing)= Cost of goods in its beginning inventory + Cost of goods manufactured - Cost of finished goods in ending inventory
Commentary	The amount of products or services consumed or other cost incurred during the process of purchase for realization of the sales
Source	KOSTAT (Business Activities Survey)