cost of goods manufactured

= manufacturing cost of finished goods
The total production cost of the finished goods transferred from the production facility of an organization during an accounting period. It is made up of the total expenditure for the period on direct materials, direct labour, direct expenses, and manufacturing overheads adjusted by the opening and closing stocks of raw materials and the work in progress at the beginning and end of the period.

Big dictionary of business and management. 2014.

Look at other dictionaries:

  • cost of goods manufactured — manufacturing cost of finished goods The total production cost of the finished goods transferred from the production facility of an organization during an accounting period. It is made up of the total expenditure for the period on direct… …   Accounting dictionary

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