Finance tool

Cost of Goods Manufactured Calculator

Calculate manufacturing cost, cost of goods manufactured, and cost per unit.

How to use Cost of Goods Manufactured Calculator

Cost of Goods Manufactured is the total cost of products that were actually completed during an accounting period. It combines direct materials used, direct labor, factory overhead, and changes in work in process.

Basic idea

COGM = Beginning raw materials + purchases - ending raw materials + direct labor + factory overhead + beginning WIP - ending WIP

Is this calculator enough for formal accounting?

No. It is a practical estimate. Formal accounting should use complete records and applicable rules.

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