Question

distinguish between cost of goods sold and cost of goods ​produced

Answer 1

Answer:

Cost of goods manufactured are the production costs incurred on finished goods produced in a specific accounting period. Cost of goods sold are the production costs incurred on goods actually sold in a specific accounting period.

Explanation:

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Answer 2

Cost of goods sold= Cost of goods sold (COGS) refers to the direct costs of producing the goods sold by a company. This amount includes the cost of the materials and labor directly used to create the good. It excludes indirect expenses, such as distribution costs and sales force costs.
Cost of goods produced= Cost of Goods Manufactured(produced) (COGM) is a term used in managerial accounting that refers to a schedule or statement that shows the total production costs for a company during a specific period of time.