cost of goods manufactured


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.

Use this term in a sentence

  • We had determined that the cost of goods manufactured was below what we had expected because of the increased widget efficiency.

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  • 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.

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  • The investors in "Shark Tank" declined John Smith's 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.

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