Cost of Goods Manufacture (COGM) & Work-in-Process Calculation in Woven Garments.

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Cost of goods manufacture (COGM) * Work-in-Process is an important tool for calculating total inventory in woven garments. It’s a demandable calculation for another stack holder. One of these stack holder banks is the vital role of this inventory report. Because the bank is aware of distributing his limit loan depended on that report.

The below table is for your information to calculate the cost of goods manufacture of finished goods.

Jun-21	Particulars	Value	Qty.	Production. Qty.	WIP Calculation:
	Materials (Fabric+Trims)	868,547			Opening Fabric	59,673
	WIP	40,630	28,211	240,557	Fabric Issue to Cutting-	195,657
	Finished Goods	43,455	16,893		Fabric Use for Production-	228,529
					Closing Balance	26,801
					Equivalent WIP Qty.	28,211
	WIP
	Quantity	28,211
	Material	26,801
	Factory Over Head (FOH)	27,658
	Allocation FOH	13,829
	WIP valuation	40,630

As of 30 Jun-2021
Finished Goods Report
Buyer	Opening Qty.	Received  Qty.	Total Stock	Ex-Factory Qty.	Ex. Fac. In %	Closing Balance Qty.	Closing %
Gorge	2,316	1,802	4,118	4,118	2%	–	0%
Debenhams	–	1,833	1,833	1,833	1%	–	0%
Tesco	4,173	26,916	31,089	28,935	12%	2,154	13%
H&M	78,714	102,035	180,749	170,152	72%	10,597	63%
Li & Fung	–	2,390	2,390	–	0%	2,390	14%
Zara	–	752	752	–	0%	752	4%
Pull & Bear	7,450	25,189	32,639	31,639	13%	1,000	6%
Total	92,653	160,917	253,570	236,677	100%	16,893	100%
Particulars	Qty.	COGM USD	Rate
Opeing	92,653	170,253	1.84
Add. Received	160,917	482,021	3.00
Less: Ex-Factory	236,677	608,819	2.57
Closing	16,893	43,455	2.57

FOB/Pcs	D. Mat. & Emb. %	Total FOB	D. Mat. & Emb.	Fact. OH	COGM	Man Hr./pcs	Man Hour
5.86	56%	10,554	5,950	2,114	8,065	0.66	1,188
2.99	51%	5,475	2,800	969	3,769	0.30	544
4.60	59%	123,814	72,535	79,816	152,352	1.67	44,841
1.20	44%	122,897	54,091	73,728	127,819	0.41	41,420
2.58	42%	6,160	2,606	3,922	6,528	0.92	2,204
5.39	71%	4,053	2,886	1,378	4,264	1.03	774
7.16	77%	180,438	138,625	40,600	179,225	0.91	22,809
26.84	57%	453,390	279,495	202,527	482,021	0.84	113,779

If you didn’t understand the above calculation for COGM & WIP in woven garments, Please watch the below video.