FS - Financial Statement < Name of Company > < Name of Company >

heading Balance Sheet heading Income Statement

BS - Balance Sheet As of <date> For the period ending f <date> COGM
- Statement of Condition
Format: A L Format: Sales Format: WIP Invty, beg
IS - Income Statement Merchanding Less: COGS Manufacturing Add: TMC
- Profit & Loss Statement C & GP COGM WIP for the period
- Statement of Income & Expenses Manufacturing Less: Oprtng Exp Cost of Goods Less: WIP Invty, end
OR Less: ME Manufactured COGM
A - Assets Less: G&A
A
L - ` EBIT/OI TMC TMC
C - Capital/ Owner's Equity/ Stockholder's Equity L Less: Interests Total Manufacturing DM
Less: Taxes Cost Add: DL
COGS - Cost of Goods Sold C NI Add: FOH
GP - Gross Profit TMC
OPERATING EXPENSES = SE + AE COGS
ME - Marketing Expenses RM used for production / DM
G&A - General & Administrative Expenses Merchandising Manufacturing Merchandising Manufacturing
EBIT - Earnings Before Interest & Taxes Invty, beg FG Invty, beg RM Invty, beg
OI - Operating Income Assets: Assets: Add: Pur Add: COGM Add: RM Pur
NI - Net Income Current Assets Current Assets AFS AFS Available for use in production
Cash Cash Less: Invty, end Less: FG Invty, end Less: RM Invty, end
beg - beginning Receivables Receivables COGS COGS RM used for production / DM
end - ending Inventory Inventory
Invty - Inventory Raw Materials
Pur - Purchases Work-in-Process PRODUCT COSTS = TMC
AFS - Available For Sale Finished Goods PRIME COSTS DM
CONVERSION COSTS Add: DL
FG - Finished Goods Computations as a percentage of Sales: example Add: FOH = Indirect Costs
WIP - Work-In-Process 100% Sales 100% TMC
RM - Raw Materials ( % of Sales) Less: COGS 070%
GP 030% PRODUCT COSTS = TMC = DM + DL + MOH
DM - Direct Materials DIRECT / PRIME COSTS = DM + DL
DL - Direct Labor CONVERSION COSTS = DL + FOH
FOH - Factory Overhead

ACCCOB3 - COST CONCEPTS

= Indirect Costs

ACCCOB3 - COST CONCEPTS