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what is the cost of goods manufactured

what is the cost of goods manufactured

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Answer #1
The cost of goods manufactured is the manufacturing costs associated with the products that moved
from the manufacturing area to the finished goods inventory during the period.
The cost of goods manufactured is calculated as under,
Direct Material consumed
Direct labour used
Manufacturing overhead assigned
Total Manufacturing cost incurred for the period
Add : beginning work-in-process inventory
Less : ending work-in-process inventory
Cost of goods manufactured
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