Definition for : Production

In accounting, production represents what the company has produced during the year. Production is the sum of net Sales, changes in Inventories in work in progress and Finished goods at Cost price and production for own use, reflecting the work performed by the company for itself and carried at Cost.

(See Chapters Chapter 3 Earnings and Chapter 9 Margin analysis: Structure of the Vernimmen)

To know more about it, look at what we have already written on this subject