Cost of goods manufactured

Cost of goods manufactured,

Definition of Cost of goods manufactured:

  1. The total expenditures for the production of goods, including fixed and variable costs, that occur within a specific period of time and are applied to the income statement to determine cost of goods sold.

How to use Cost of goods manufactured in a sentence?

  1. The investors in Shark Tank declined John Smiths investment request because they believed that the cost of goods manufactured would be more than the American consumer would be willing to pay for the product itself.
  2. Cost of goods sold are determined by the cost of goods manufactured , which is the total expenditures for the production period including fixed and variable costs.
  3. We had determined that the cost of goods manufactured was below what we had expected because of the increased widget efficiency.

Meaning of Cost of goods manufactured & Cost of goods manufactured Definition