This indicates that the cost of goods sold is a cost. It appears immediately after the sales line items and before the selling and administrative line items on the income statement. What costs ...

The costs of sales figures include only direct expenses ... Operating profit is in the second section of an income statement. The operating profit is calculated by subtracting all of a company ...

It's also known as sales profit or gross income. Gross profit is calculated on a company's income statement by subtracting the cost of goods sold (COGS) from total revenue. Gross profit differs ...

By subtracting cost of sales from revenue ... Working from the top line items in the income statement, cost of goods sold is subtracted from revenue, and the difference is gross profit.

It's located on the bottom line of the income statement ... including cost of goods sold (which is listed as "cost of sales" and included in total operating expenses). This gives you the following ...

The key information shown on an income statement includes information about revenue, cost of sales, and any other expenses, along with gross and net profit.