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    Cost of Goods Manufactured

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    I'm not sure how to get the cost of goods manufactured without having data like rent, utilites and so on... There is a formula but I don't think I'm using the correct numbers. Thanks for your help!

    Cost of Goods Manufactured

    Direct materials cost
    Direct labor cost
    Manufacturing overhead cost
    Fixed portion
    Variable portion
    Total manufacturing costs
    Add: Work in process, beginning

    Deduct: Work in process, ending
    Cost of goods manufactured

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    Solution Summary

    The solution explains how to prepare a schedule of cost of goods manufactured.