G Myside Line Handicraft

Statement of Cost of Goods Sold

For the year ended December 31, 2019

Cost of Goods Sold:

Raw Materials Beg. ₱ 10,000.00
Raw Materials Purchased 43,071.50
Total Raw Materials for use. 53,071.50
Less: Raw Material, end 4992.50
Direct Material Used 48,079.00
Direct Labor 29,000.00
Manufacturing Overhead 15,180.00
Total Manufacturing cost 92,259.00
Add: Work in Process Beg. 0
Total Goods Placed in Process 92,259.00
Less: Work in Process, end 5408.00
Cost of Goods Manufactured 86,851.00
Finish Goods Beg. 0
Total Goods Available For Sale 86,851.00
Less: Finish Goods, end 29,698.00
Cost of Goods Sold ₱ 57,153.00
______________________

CYRIL JOSEPH T. NACOR

Bookkeeper