Kisses Tart

Balance Sheet
For the Month Ended February 28, 2021

Assets
Cash 970.00
Accounts Receivable
Supplies
Kitchen Equipments
Total Assets 970.00

Liabilities and Owner's Equity

Liabilities -

Owner's Equity
Kisses Capital, Beginning 500.00
Add: Net Income 470.00
970.00
Less: Owner's Withdrawal -
Kisses Capital, Ending 970.00

Total Liabilities and Owner's Equity 970.00

 Kisses Tart
Income Statement
For the Month Ended February 28, 2021

Sales (No. Units Sold x Price) 2,000.00

Less: Cost of Goods Sold 1,130.00
Gross Profit 870.00

Less: Operating and Selling Expenses

Transportation 100.00
Salary 200.00
Utilities - Internet load 100.00
Total Operating and Selling Expenses 400.00
Net Profit 470.00
 Kisses Tart
Cost of Goods Sold Statement
For the Month Ended February 28, 2021

Direct Materials:
Beginning inventory -
Add: Purchases 1,000.00
Transportation in 10.00
Total Purchases 1,010.00
Total Materials Available for Production 1,010.00
Less: Raw Materials (Ending) -
Direct Materials Used 1,010.00

Add: Direct Labor 100.00

Add: Manufacturing Overhead

Utitilites 20.00

Total Cost of Goods Sold 1,130.00

Cost per Unit

TCGS/No. of Units Produced (ex. 200) 5.65