Cost Of Goods Sold Statement

XYZ & Bros Corporation Ltd.

For the year ended (Date)
Description Amount Amount
Raw Material (Opening) ========
Add: Purchases ========
Less: Discount On Purchases ========
Less: Return Of Purchases ========
Add: Freight In ========
Add: Carriage In ========
= Material Available For use ========
Less: Raw Material (Ending) ========
= Material Consumed/Used ========
Add: Direct Labor ========
Add: Factory Overhead Cost (FOH) ========
= Total Factory/Manufacturing Cost ========
Add: W-I-P (Opening) ========
= Cost Of Goods Available For Manufacturing ========
Less: W-I-P (Ending) ========
= Cost Of Goods Manufactured ========
Add: Finish Goods (Opening) ========
= Cost Of Goods Available For Sale ========
Less: Finish Goods (Ending) ========
= Cost Of Goods Sold ========

Income Statement
XYZ & Bros Corporation Ltd.
For the year ended (Date)
Description Amount Amount
Sales ========
Less: Discount On Sales ========
Less: Return Of Sales ========
= Net Sales ========
Less: Cost Of Goods Sold ========
= Gross Profit/Loss ========
Less: Other Expenses:
Marketing Expenses ========
Selling Expenses ========
Distribution Expenses ========
Administrative Expenses ======== 1
= Net Profit/Loss ========

Created By: Mati Ullah Samadi