YES OR WRONG WITH EXPLAIN : PRODUCT COST = COST OF GOODS MANUFACTURED ?

in my opinion it is WRONG .. Produced items mean a complete items and ready to transfer to warehouse , but the manufactured items may contains a spoilage , semi finished items ,2nd hand items or defective items may need to recycling again. 

AGREED WITH MR SALMAN

The question is not that simple as it appears, Product Cost and COGM are from two streams of reporting, Management accounts and Financial Accounts respectively, Second thing is your objective, if product cost is required for Pricing Purpose, it will be included some other factors like Primary and secondary packing and distribution cost, and if it is for Financial reporting purpose it will be COGS

If still need some more understanding, I will explain it in detail