differentiate between ...how to calculate manufacturing cost (C.GS)what are the elements....and how to calculate the C.G.S of import finish goods ?

Manaufacturing cost

Opening material cost

Add: Purchases

Less: Clsoing stock

Add: Direct labour cost

Add: Direct Factory overheads

Manufacturing cost

Add: Opening Work in process

Less: Closing working in process

Cost of goods produced

Cost of goods sold imported finish goods

Value declared for import

Add: Custom duty

Add: Non adjustable taxes

Add: Freight

Add: Repacking if any

manufacturing cost =

Direct Labor

Direct Material

Overhead

Territory (time in transit between place of manufacture and destination market)

Harmonized tariffs

Transportation

Exchange rates