The cost of goods manufactured includes the cost of everything that is finished during the period, whether or not it was started during the period.

Question

Quizplus · Accepted Answer

The cost of goods manufactured is the total cost of all products that were completed and transferred to finished goods inventory during the accounting period. This includes the cost of materials, labor, and overhead used to manufacture the products, regardless of when they were started or how long it took to complete them.

The Cost of Goods Manufactured Includes the Cost of Everything