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::: vuaskari.com ::: MGT402 Complete format of Cost of Goods Sold statement



Entity Name
Cost of Goods Sold statement
for the year ended_______
Rs. Rs. 

Direct Material Consumed

 

 

Opening inventory

 

 

Add: Purchases

 

 

Less: Purchases Return

 

 

Add: Fright / Carriage Inward

 

 

Less: Discount on Purchases

 

 

Material available for use

 

 

Less Closing inventory

 

 

Direct Material used

 

 

Add: Direct labor

 

 

Prime cost

 

 

Add Factory overhead Cost

 

 

Total factory cost

 

 

Add Opening Work in process

 

 

Cost of good to be manufactured

 

 

Less Closing Work in process

 

 

Cost of good manufactured

 

 

Add Opening finish goods

 

 

Cost of good to be sold

 

 

Less closing finish goods

 

 

Cost of good to sold

 

 

--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com,
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Visit these groups:
This (Main) Group:http://groups.google.com/group/vuaskari_com?hl=en?hl=en
MIT/MCS Group: http://groups.google.com/group/vu_askarimit?hl=en?hl=en
HRM Group: http://groups.google.com/group/askari_hrm?hl=en?hl=en
Banking Group: http://groups.google.com/group/askari_banking?hl=en?hl=en
Management: https://groups.google.com/group/vuaskari_mgt?hl=en
Marketing: https://groups.google.com/group/vuaskari_mkt?hl=en
MIS Group: http://groups.google.com/group/askari_mis?hl=en
 
 

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