A manufacturing account, or manufacturing statement, is an accounting statement forming part of the internal final accounts of a manufacturing organization; for a particular period, it is constructed to show direct cost of sales, manufacturing overhead, total production cost, and cost of goods manufactured. In some cases, a manufacturing profit is also computed.
The difference between the value of goods transferred from a manufacturing account to a trading account at a price other than the cost of goods manufactured and the actual cost of goods manufactured.
