Manufactory Company
Cost of Goods Sold:
Beginning finished goods inventory 110,000
Add costs of goods manufactured 850,000
Goods available for sale 960,000
Less: Ending finished goods inventory <150,000>
COGS 810,000
You can use the Product Cost Planning functions to calculate the cost of goods manufactured (COGM) and cost of goods sold (COGS) for products such as materials and services. The costs may then be analyzed and business decisions (such as "make or buy" decisions) made.
The cost of goods manufactured is composed of material and production costs, process costs and overhead (such as material and production overhead). The cost of goods sold consists of the cost of goods manufactured together with sales and administration overhead costs.
Features
The following graphic shows how the COGM and COGS are calculated using Product Cost Planning:
成本结转的概念：
产品在入库之前发生的成本，记为生产成本；
产品入库时，入库的这部分产品的生产成本要结转到产品的库存成本；
产品销售时，销售的这部分产品的成本要转到销售成本；
