Insert the information in the form and the calculator will determine the cost of goods manufactured.

What is the cost of goods manufactured?

The cost of goods manufactured (COGM) is a schedule that tells the total production costs of a company in a specific time period.

How to calculate cost of goods manufactured?

To calculate cost of goods manufactured you should use the following formula:
cost of goods manufactured = direct materials cost + direct labor cost + factory overhead cost + opening workin process inventory - ending workinprocess inventory

Why use cost of goods manufactured?

The cost of goods shold is usually used by management to get an idea of the overall production costs in order to decide if these costs are high or low.