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  • XYZ Company Cost Classifications Cost of Goods Sold Statement Friday, December 31, 2010

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    Oyon Nur newaz
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    XYZ Company's Cost of Goods Sold statement for December 31, 2010 shows: 1) Total manufacturing costs of $170 which includes direct materials, direct labor, and factory overhead costs. 2) Cost of goods manufactured of $160 after accounting for beginning and ending work in process inventory. 3) Cost of goods sold of $150 after including beginning finished goods inventory and deducting ending finished goods inventory.

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    Cost of good sold

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    XYZ Company's Cost of Goods Sold statement for December 31, 2010 shows: 1) Total manufacturing costs of $170 which includes direct materials, direct labor, and factory overhead costs. 2) Cost of goods manufactured of $160 after accounting for beginning and ending work in process inventory. 3) Cost of goods sold of $150 after including beginning finished goods inventory and deducting ending finished goods inventory.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    10 views2 pages

    XYZ Company Cost Classifications Cost of Goods Sold Statement Friday, December 31, 2010

    Uploaded by

    Oyon Nur newaz
    XYZ Company's Cost of Goods Sold statement for December 31, 2010 shows: 1) Total manufacturing costs of $170 which includes direct materials, direct labor, and factory overhead costs. 2) Cost of goods manufactured of $160 after accounting for beginning and ending work in process inventory. 3) Cost of goods sold of $150 after including beginning finished goods inventory and deducting ending finished goods inventory.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    XYZ Company

    Cost of Goods Sold statement


    Friday, December 31, 2010

    Practiculars Amount (TK) Amount (TK) Sl No.


    RW- Beginning Inventory 100 1
    (+) RM- Purchased 20 2
    RM Available for use in production 120 3
    (-) RM- Ending inventory 20 4
    DM Costs 100 5
    DL Costs 30 6
    FOH Costs 40 7
    Total Manufacturinf Costs[TMC] 170 8
    (+) W-I-P- Beginning Inventory 50 9
    220 10
    (-) W-I-P Ending Inventory 60 11
    Cost of Goods Manufactured [COGM] 160 12
    (+) FG- Beginning Inventory 70 13
    Cost of Goods Avilables for Sale [COGAFS] 230 14
    (-) FG- Ending Inventory 80 15
    Cost of Goods Sold [COGS] 310
    Cost Classifications

    Manufactaring Non Manufacuting Behavioual Wise


    Cost Examples DM DL FOH MKT OH ADMIN OH FC VC MC

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