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Yeah, but their COGS would likely include shipping, return costs, AWS fees, etc., so the math could work.



None of those things, Shipping, returns, AWS costs (unless directly part of the manufacturing process) would qualify under gaap as cogs.


Inbound shipping is definitely part of cogs for every company I’ve been part of, but agree on to customer shipping, returns and hosting.


Agreed on inbound shipping. But outbound shipping to customer would not usually.




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