What are COGs?

COGs = Cost of Good Sold

Cost of goods sold (COGS) is the direct cost of producing products sold by your business.

COGS should include the purchase price you paid plus any related ordering costs (duties and customs, delivery costs, etc). In short, your cost of inventory is whatever it takes to get the inventory delivered to the i Logistics USA Warehouse.

HERE is a great article that Shopify has in regards to COGs and how to calculate it.

Starting in 2022, i Logistics USA is in need of having your COGs on file for insurance purposes

Have further questions? Reach out to your Account Manager at Support@ilogisticsusa.com