Cost of Goods manufactured is equal to:
Beginning W.I.P. + Manufacturing Cost less indirect cost applied - Ending W.I.P
O Beginning W.I.P. + Direct material used during current period + Direct Labour cost for current period +
Manufacturing overhead applied for current period - Ending W.I.P
O Beginning W.I.P.less indirect manufacturing overhead + Direct material used during current period +
Direct Labour cost for current period + Manufacturing overhead applied for current period - Ending
W.I.P
Beginning W.I.P. less period cost + Manufacturing Cost less indirect cost applied - Ending W.I.P
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