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Cost of Goods Sold Statement

Cost of Goods Sold Statement

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Published by Muhammad Shafique

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Published by: Muhammad Shafique on Jan 18, 2012
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01/18/2012

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Cost of Goods Sold Statement For the year ended December 31, 2005

Direct Materials: ( Section 1) Materials inventory, January 1, 2005 Purchases Less purchases returns and allowances Materials available for use Less materials inventory, December 31, 2005 Direct materials consumed Direct labor ( Section 2) Factory overhead: ( Section 3) Indirect labor Salaries Payroll taxes Power Heat Light Factory supplies Depreciation - factory building Depreciation - machinery Repairs and maintenance Patent amortization Tools and dies used Insurance on building and machinery 1329300 972000 489000 112000 69200 44300 50000 68300 403000 145800 33200 178600 21200 3915900 Total manufacturing cost Add work in process inventory, January 1 2005. ( Section 4) Total cost to be accounted for Less work in process inventory, December 31 2005. Cost of goods manufactured Add finished goods inventory, January 1, 2005 ( Section 5) Cost of goods available for sale Less finished goods inventory, December 31, 2005. Cost of goods sold 19942100 2338000 8420000 42,000 8378000 9950400 1270600 1572400

8679800 7346400

22280100 1303200

20976900 966100

21943000 658000

2128500

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