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MM075y ago
Sir please state difference between: CoGS and Cost of Sale. COGM and Total production cost.
kengarrettkengarrettTutor5y ago#1
I assume CoGS = Cost of goods sold. This is the same as Cost of sale. COGM is, I assume, cost of goods made. There are two versions of that: Marginal cost: this includes only the variable cost of cost of the goods made. Total absorption cost: in addition to marginal cost, this includes the fixed production overheads. That is almost certainly what is meant by 'total production cost'.
MM075y ago#2
Thank you... I really got the same concept.
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