Cost of Supplies

{
  "id": "MLC-T-ECS-000424",
  "term": "Cost of Supplies",
  "field": "Economic statistics",
  "definition": "Cost of supplies are the direct charges actually paid or payable for items consumed or put into production during the year, including freight charges and other direct charges incurred by the establishment in acquiring these items. It includes the cost of these items whether purchased by the individual establishment from other companies, transferred to it from other establishments of the same company, or withdrawn from inventory during the year. Included are items charged to both current and capital accounts.",
  "see_also": [
    "Operating Expenses"
  ],
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/cost-of-supplies/"
}