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Explain is Raw Material, Work in Progress, Finished goods and cost of goods manufactured from manufacturing...

Explain is Raw Material, Work in Progress, Finished goods and cost of goods manufactured from manufacturing company?

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Yes, Raw Material, Work in Progress, Finished goods and cost of goods manufactured from manufacturing company

Because this terms are important for the Manufacturing companies for estimating whether its manufacturing cost is as per budget and if any deviation then what is its Root cause

Where are other Wholesale an retails deals with only Finished goods and cost of goods sold

While Manufacturing company bear the cost right from Raw Material Purchase , Work in progress and cost of handling the finished goods and other cost such as cost of manufacturing.

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