Professional Documents
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Income Statement Template
Income Statement Template
Year 1
This figure is obtained by multiplying number of units sold in a
A Sales
year with the net sales price of the product / service.
Cost of Goods Sold: This includes cost of raw material, labour, and factory overheads incurred during the production
be obtained by multiplying cost per unit with the total number of units sold during the year). In case of service based
services maybe included.
Year 1
B Raw material The cost of raw material used in production of goods sold.
D Overheads The production cost other than direct material and direct labour.
abour, and factory overheads incurred during the production for the units sold. (This figure can
mber of units sold during the year). In case of service based businesses, cost of delivering the
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