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  • Beginning Inventory + Purchases Materials Available For Use - Ending Inventory Materials Used

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    pnguin1979
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    This document outlines the key components and calculations for a manufacturing company's income statement. It shows the beginning inventory, purchases, and ending inventory to calculate materials used. It also shows beginning work-in-process inventory, direct materials, direct labor, manufacturing overhead and ending work-in-process inventory to calculate cost of goods manufactured. Finally, it shows how revenues, cost of goods sold, gross margin/profit, operating expenses and operating income are calculated.

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    Copy of CostingTemplates.xlsx

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    This document outlines the key components and calculations for a manufacturing company's income statement. It shows the beginning inventory, purchases, and ending inventory to calculate materials used. It also shows beginning work-in-process inventory, direct materials, direct labor, manufacturing overhead and ending work-in-process inventory to calculate cost of goods manufactured. Finally, it shows how revenues, cost of goods sold, gross margin/profit, operating expenses and operating income are calculated.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    2 views3 pages

    Beginning Inventory + Purchases Materials Available For Use - Ending Inventory Materials Used

    Uploaded by

    pnguin1979
    This document outlines the key components and calculations for a manufacturing company's income statement. It shows the beginning inventory, purchases, and ending inventory to calculate materials used. It also shows beginning work-in-process inventory, direct materials, direct labor, manufacturing overhead and ending work-in-process inventory to calculate cost of goods manufactured. Finally, it shows how revenues, cost of goods sold, gross margin/profit, operating expenses and operating income are calculated.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Materials

    Beginning inventory
    + Purchases
    Materials available for use
    -Ending inventory
    Materials used

    Work-In-Process

    Beginning inventory Dir. Materials


    + Total manufacturing costs Dir. Labor
    Total Overhead
    -Ending inventory TMC
    Cost of goods manufactured
    Revenues
    Cost of Goods Sold
    Beginning Inventory
    + Cost of Goods Manufactured
    Cost of Goods Available
    - Ending Inventory
    Gross Margin (Profit)
    Other Expenses
    Salaries
    Marketing costs
    Fixed administrative
    Operating Income

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