what is the difference between cost of sales and cost of goods sold 
while these terms are often used interchangeably there s a subtle difference between the two cogs specifically refers to the direct costs associated with producing goods or acquiring inventory that has been sold during a particular period by contrast cos includes not only the direct costs of goods sold but also other costs directly related to generating revenue such as direct labor and direct overhead essentially cos encompasses a broader range of expenses than cogs as it may include additional costs associated with delivering the product or service to the customer 