Cost of Goods Manufactured
Definition: Cost of Goods Manufactured reports the total production cost of goods completed during the period in a manufacturing company. It flows from the sch…
Equation
COGM = DM Used + DL + MOH + Beginning WIP − Ending WIP
Cost of Goods Manufactured reports the total production cost of goods completed during the period in a manufacturing company. It flows from the schedule of cost of goods manufactured into the cost of goods sold calculation.
External Links
- Cost of goods sold — Wikipedia