Meaning of Cost of goods manufactured
How we at Bookkeeping Support Define the Meaning of Cost of goods manufactured:
The total expense for manufacturing things, including direct material, labour, and overhead expenditures, is known as the cost of goods manufactured.
How AI Define the Meaning of Cost of goods manufactured:
Cost of goods manufactured refers to the total cost of producing finished goods during a specific period, including direct materials, direct labor, and manufacturing overhead costs. It excludes costs associated with selling and administrative activities.
