Compute cost of goods manufactured from materials, labor, overhead, and work-in-process.
COGM
?
Production costs for goods that are not finished yet.
$53,700
Cost of goods completed this period.
COGS
?
Goods held for sale or used to make products.
$54,400
Cost of goods sold (flows to income statement).
Raw Materials Used
?
Goods held for sale or used to make products.
$11,800
Total Manufacturing Cost
?
Factory costs that support production but are not direct materials or direct labor.
$55,800