Recording Cost of Goods Manufactured and Sold in Job Order Costing: Cost of Goods Manufactured (COGM): When a job has been completed, the finished out put is transferred from the production department to the finished goods warehouse. By this time, the accounting department will
Cost of goods manufactured
Cost of goods manufactured Determined by adding the cost of the beginning work in process to the manufacturing costs acqure during the period, and then minus the cost of the ending work in process this is called cost of goods manufacturing.
Cost of Goods Manufactured Definition: Cost of goods manufactured is the manufacturing costs associated with the goods that were finished during the period. Recommended Books ! Or Download E accounting book in MS-word format for just 20 $ - Click here to Download