Meriwell Company

Cost Of Goods Sold Statement

Monday, December 31, 2018

Particulars Amount ($) Amount ($)

Raw materials inventory, January 01, 2018 9000
(+) Purchase of raw materials 125,000
Raw Material available for use in production 134,000
(-) Raw materials inventory, December 31, 2018 6000
Direct Material 128,000
Direct labor 70000
Indirect labor 15000
Depreciation factory 27000
Utilities factory 8000
Maintenance factory 40000
Supplies factory 11000
Insurance factory 4000
Fectory Over Head 105000
Total Manufactuing Cost (TMC) 303,000
(+)Work in process inventory, January 01, 2018 17000
320,000
(-)Work in process inventory, December 31, 2018 30000
Cost Of Goods Manufactored (COGM) 290,000
(+)Finished goods inventory, January 01, 2018 20000
Cost Of Goods Avaliable for sale (COGAFS) 310,000
(-)Finished goods inventory, December 31, 2018 40000
Cost Of Goods Sold (COGS) 270,000