<p style="text-align: center;"><strong>Cost of Goods Sold Account</strong><strong></strong></p>
<p style="text-align: left;">Tracks the direct costs to produce the items that your business sells, such as:</p>
<ul>
<li style="text-align: left;">Cost of materials</li>
<li style="text-align: left;">Cost of labor</li>
<li style="text-align: left;">Shipping, freight, and delivery</li>
<li style="text-align: left;">Subcontractors</li>
</ul>