Product Costing and COGS
Product costing is the process of estimating the cost of a product. To accurately estimate costs, you need comprehensive information about materials, labor, and overhead expenses throughout your manufacturing process.
1
Bill of Materials (BOM)
List all materials consumed in production with their respective costs
2
Routing Activities
Track all manufacturing activities and their associated costs
3
Cost Calculation
Combine material and activity costs to determine total product cost
