Falls Creek, PA Profile: Facts, Map & Data. Falls Creek, Pennsylvania - Basic Facts. The Borough of Falls Creek had a population of 1,003 as of July 1, 2016. The primary coordinate point for Falls Creek is located at latitude 41.142 and longitude -78.8069 in Jefferson County.
cost of goods purchased. The price of products or services that are available for purchase by suppliers or consumers.
It is also known as cost of sales. Cost of goods sold is an expense charged against sales to work out a gross profit (see definition below). So, for example, we may have sold 100 units this year at $4 each, and these 100 units that we sold cost us $3 each originally.So our sales would be $400 and our cost of the goods we sold (cost of sales) would amount to $300. This would result in a gross profit of $100 (sales minus cost of sales).Cost of goods sold is not the same as purchases, as you will see from our examples below.Gross profit: An initial profit on the product we are selling, before deducting general business expenses.t is also known as cost of sales. Cost of goods sold is an expense charged against sales to work out a gross profit (see definition below). So, for example, we may have sold 100 units this year at $4 each, and these 100 units that we sold cost us $3 each originally.