XYZ COMPANY

COST OF GOODS MANUFACTURED STATEMENT

FOR THE YEAR ENDED _______________

Direct Raw Materials Consumed ( Used )

Opening Raw Materials xxx
Add: Raw Materials purchased xxx
Transporation-in xxx
xxx
Less: Purchase Return & Allowance (xxx )
Purchase Discount (xxx ) (xxx )
Net Purchases xxx
Raw Materials availabe for use xxx
Less: Closing Inventory of Raw Material (xxx )
Direct Raw Material Consumed xxx

Add: Direct Labor xxx

Direct Expenses xxx
Prime Cost xxx

Add: Factory Overheads:

Indriect Material xxx
Indirect Labor xxx
Indirect Expenses xxx
Total FOH xxx
Manufacturing Cost for the period xxx

Add: Opening Inventroy of Work in Process xxx

Total Cost of Work put in process xxx

Less: Closing Inventroy of Work in Process (xxx )

Cost of Goods Manufactured xxx

XYZ COMPANY
INCOME STATEMENT
FOR THE YEAR ENDED _______________

Sales xxx
Less: Sales Return (xxx )
 Sales Discount (xxx ) (xxx )
Net Sales xxx

Cost of Goods Sold:

Opening Stock xxx
Add: Cost of Goods Manufactrued xxx
Finished Goods available for sale xxx
Less: Closing Inventory of finised goods (xxx )
Cost of Goods Sold (xxx )

Gross Profit xxx

Less: Operating Expenses

Selling & Distribution Expenses (xxx )
General & Administrative Expenses (xxx )
Totaal Operating Exenses (xxx )

Net Profit xxx

 XYZ COMPANY
INCOME STATEMENT
FOR THE YEAR ENDED _______________

Sales xxx
Less: Sales Return (xxx )
Sales Discount (xxx ) (xxx )
Net Sales xxx

Cost of Goods Sold:

Opening Stock xxx
Add: Cost of Goods Manufactrued xxx
Finished Goods available for sale xxx
Less: Closing Inventory of finised goods (xxx )
Cost of Goods Sold (xxx )

Gross Profit xxx

Less: Operating Expenses

Selling & Distribution Expenses (xxx )
General & Administrative Expenses (xxx )
Totaal Operating Exenses (xxx )

Net Profit xxx