prashant agarwal (student) (36 Points)
14 April 2010Hi,
I am going through an audit where 2 topics came to my Knowledge where
1. Production Cost
2 Cost of goods sold
what is difference between this 2 terms and how to calculate between these two terms......................
i require it very urgently please mail me to prashant0142 @ ymail.com
regards
Prashant Agarwal
praveen
(Chartered Accountant)
(6971 Points)
Replied 14 April 2010
Production cost or factory cost includes primary cost + any such factory costs
on the contrary
COGS = Production cost + AOH
CA Mohit kumar jain
(Searching Source of Money)
(149 Points)
Replied 14 April 2010
hi
Production cost means cost for our production that is
Prime cost + Factory cost + Administration overhead
Cost of goods sold
cost of production + Opening stock of finished goods - Closing stock of finished goods
CAclubindia
