Enter the cost of materials, labor, manufacturing overhead, beginning work in process inventory, and ending work in process inventory into the calculator to determine the cost of goods manufactured.

- Fixed Cost Calculator
- Marginal Cost Calculator
- Marginal Product of Labor Calculator
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## Cost of Goods Manufactured

The following equation is used to calculate the COGM, or cost of goods manufactured.

COGM = MC + LC + MO + BWIP – EWIP

- Where COGM is the cost of goods manufactured
- MC is the material cost
- LC is the labor cost
- MO is the manufacturing overhead
- BWIP is the beginning work in progress inventory
- EWIP is the ending work in progress inventory

## COGM Definition

COGM stands for cost of goods manufactured. It’s a measure of the true cost of a manufactured item, including labor and overhead. It also takes into account the work in progress inventory.

## Cost of Goods Manufactured Example

How to calculate cost of goods manufactured?

**First, determine the costs.**Calculate the material and direct labor costs associated with production.

**Next, determine the overhead.**Calculate the total manufacturing overhead.

**Next, determine the beginning and ending inventories.**Calculate the value of the inventory at the start and finish.

**Finally, calculate the COGM.**Using the formula above, calculate the COGM.

## FAQ

**What is COGM?**

COGM is the cost of goods manufactured and measures all associated costs including overhead, labor, and material costs.

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