Re: ::: vuaskari.com ::: Fwd: complete format of Cost of Goods Sold statement

FIN621 >>> http://www.vuaskari.com/fin621-mid-termfinal-term-material/
MGT503 >>> http://www.vuaskari.com/mgt503-mid-termfinal-term-material/

On Tue, Nov 12, 2013 at 11:20 AM, Faiza Shoukat <faizafaiza123@gmail.com> wrote:

please provide me FIN621 And MGT 503 Midterm papers

On Fri, Nov 8, 2013 at 9:07 AM, Muhammad Sarim <sarim.sarwar@gmail.com> wrote:

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

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