Cost of goods manufactured statement

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on June 22, 2021

Cost of goods manufactured is the total cost incurred by a manufacturing company to manufacture product(s) during a particular period of time.

Format:

Cost of goods manufactured statement

Example:

John Manufacturing Company, a manufacturer of soda bottles, had the following inventory balances at the beginning and end of 2018.
Cost of goods sold statement example
During 2018, the company purchased $1 000 000 of raw material and direct labor incurred of $1 600 000. Manufacturing overhead costs were as follows:
Cost and its types - Example 1
Required:

  • Prepare Cost of goods manufacturing statement

Solution:

Cost of goods manufactured statement example solution

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