- COGS COGS
* * *COGS UK US }} /kɒɡz/ noun [plural]► PRODUCTION, FINANCE ABBREVIATION for cost of goods sold: the costs directly related to producing goods, rather than overheads (= regular costs, such as rent and heating): »
The company's gross profit margin, or sales minus COGS, rose from a year ago.
Financial and business terms. 2012.