BB Company

Cost of Goods Ma
For the Next year
Raw Materials, Beginning P
Raw Materials Purchase
Raw Materials Available for Use
Less: Raw Materials, End
Direct Materials Used
Direct Labor
Factory Overhead
Manufacturing Cost
W-IP beg.
Cost of Goods Placed/Put into Process
Less: WIP, End
Cost of Goods Manufactured P
Finished Goods, Beg.
Cost of Goods Available for Sale
Less: Finished Goods, End
Cost of Goods Sold (normal)

Depreciation on Factory Equipment 1,000

Wages of Production Workers 28,000
RM Used 47,000
Factory Rent 2,000
Factory Insurance 500
Materials Handling 1,500
Total Manufacturing Cost 80,000

Raw Materials, Beginning P

Raw Materials Purchase
Raw Materials Available for Use
Less: Raw Materials, End
Direct Materials Used
Direct Labor
Factory Overhead
Depreciation on Factory Equipment - 45,000
Depreciation on Factory Building - 30,000
Factory Insurance - 50,000
Property Taxes on Factory - 20,000
Utilities for factory - 34,000
Indirect Labor salaries - 156,000
Manufacturing Cost
W-IP beg.
Cost of Goods Placed/Put into Process
Less: WIP, End
Cost of Goods Manufactured
Finished Goods, Beg.
Cost of Goods Available for Sale
Less: Finished Goods, End
Cost of Goods Sold (normal)

General and Admin Expenses:

Depreciation on headquarters building - 50,000 P
Property Taxes on headquarters - 18,000
Administrative Salaries - 150,000

Selling Expenses:
Utilities for sales office - 1,800 P
Sales office salaries - 90,000
Sales commission - (1,200,000 x 5%) - 60,000

Raw Materials, Beginning P

Raw Materials Purchase
Raw Materials Available for Use
Less: Raw Materials, End
Direct Materials Used
Direct Labor (2,400 hrs x P7.50)
Factory Overhead (2,400 hrs x 10)
Manufacturing Cost
W-IP beg.
Cost of Goods Placed/Put into Process
Less: WIP, End
Cost of Goods Manufactured

Sales (100%) 200,000

less: COGS (149,800)
Gross Profit 50,200
less: Operating Expenses (25,000)
NET INCOME 25,200

Raw Materials, Beginning 39,800

Raw Materials Purchase 46,000
Raw Materials Available for Use 85,800
Less: Raw Materials, End (50,000)
Direct Materials Used 35,800
Direct Labor 84,000
Factory Overhead 63,000
Manufacturing Cost 182,800
W-IP beg. 80,000
Cost of Goods Placed/Put into Process 262,800
Less: WIP, End (95,000)
Cost of Goods Manufactured 167,800
Finished Goods, Beg. 60,000
Cost of Goods Available for Sale 227,800
Less: Finished Goods, End (78,000)
Cost of Goods Sold (normal) 149,800
 mpany
of Goods Manufactured
e Next year
53,400
143,600
197,000
(47,000)
150,000
90,000
480,000Variable OH - P30,000; Fixed OH - P450,000
720,000
75,000
795,000
(60,000)
735,000

FOH
DL
DM
FOH
FOH
FOH

124,000
250,000
374,000
(102,000)
272,000
140,000 Prime Cost = 412,000

335,000 CC = 475,000
747,000
124,000
871,000
(130,000)
741,000 741,000/100,000 units
84,000 7.41.
825,000
(82,000)
743,000

218,000

151,800

36,000
36,000
72,000
(30,000)
42,000
 18,000
24,000
84,000
18,000
102,000
(12,000)
90,000

Raw Materials
Beg. xxx
Purchases xxx

/.125

End. xxx

Work-in Process
Beg. xxx
DM Used xxx
DL xxx
FOH xxx
End xxx

Finished Goods
Beg. xxx
COGM xxx

End xxx
450,000
terials
DM Used xxx

rocess
COGM xxx
d Goods
COGS xxx