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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