Total Material Costs Formula |
| \( TMC \;=\; BM + MP - EM \) |
| Symbol |
| \( TMC \) = total material costs |
| \( BM \) = beginning materials |
| \( EM \) = ending materials |
| \( MP \) = materials purchased |
Total material costs, abbreviated as TMC, is all the manufacturing raw or direct material costs for a given product or a certain service.
