Cost of Goods Sold vs Cost of Sales vs Other Expenses 

Always confused and this video lecture clear my mind about COGS/COS 😩😩😩😩thank you sooo much sir😩😩😩

That's a great explanation and great effort for organizing each things on place.

You said the purchase price of inventory from the supplier is cost of sales? Other accounting materials I read online says it is cost of goods. Some use cost of sales and cost of goods interchangeably.