LANGGA CORPORATION

STATEMENT OF COST GOOD SOLD

31-Dec-19

RAW MATERIALS INVENTORY BEGINNING 60,000

ADD NET PURCHASES 313,000
COST OF RAW MATERIAL AVAILABLE FOR USE 373,000
LESS RAW MATERIALS ENDING (78,000)
DIRECT MATERIALS USED 295,000
DIRECT LABOR 250,000
MANUFACTURING OVERHEAD 839,000
TOTAL MANUFACTURING COST 1,089,000
ADD WORK IN PROCESS INVENTORY BEGINNING 8,000
TOTAL COST OF GOODS PUT INTO PROCESS 1,097,000
LESS WORK IN PROCESS INVENTORY ENDING (9,000)
COST OF GOODS MANUFACTURED 1,088,000
ADD FINISHED GOODS INVENTORY 15,000
TOTAL COST OF GOODS AVAIL FOR SALE 1,103,000
LESS FINISHED GOODS INVENTORY ENDING (12,500)
COST OF GOODS SOLD 1,090,500

LANGGA CORPORATION
income statement
31-Dec-19

SALES 1,630,000
LESS COST OF GOODS SOLD 1,090,500
GROSS PROFIT/INCOME 2,720,500
LESS OPERATING EXPENSES
SALARIES EXPENSE 150,000
DEPRECIATION EXPENSE FACTORY BUILDING 133,000
DEPRECIATION EXPENSE FACTORY EQUIPMENT 78,000
NET PROFIT/INCOME 2,359,500
 SCHEDULE
DIRECT LABOR 250,000
MANUFACTURING OVERHEAD
INDIRECT LABOR 26,000
AMORTIZAION OF PATENTS 16,000 975,000
FACTORY INSURANCE EXPENSE 62,000
FACTORY SUPERVISION 74,000
FACTORY SUPPLIES EXPENSE 21,000
FACTORY UTILITIES 115,000
REPAIR AND MAINTENANCE FACTORY EQUIPMENT 31,000
ADVERTISING EXPENSE 85,000
UNCOLLECTIBLE ACCOUNTS EXPENSE 28,000

DEPRECIATION EXPENSE OFFICE EQUIPMENT 37,000

PROPERTY TAXES FACTORY SITE 14,000

INTEREST EXPENSE 25,000
MISCELLANEOUS EXPENSES 55,000

589,000 250,000 839,000

 PIDO CORPORATION
STATEMENT OF COST GOOD SOLD
31-Dec-19

RAW MATERIALS INVENTORY BEGINNING 84,600

ADD NET PURCHASES 311,400
COST OF RAW MATERIAL AVAILABLE FOR USE 396,000
LESS RAW MATERIALS ENDING 91,080
DIRECT MATERIALS USED 304,920
DIRECT LABOR 450,000
MANUFACTURING OVERHEAD
TOTAL MANUFACTURING COST
ADD WORK IN PROCESS INVENTORY BEGINNING 99,360
TOTAL COST OF GOODS PUT INTO PROCESS
LESS WORK IN PROCESS INVENTORY ENDING
COST OF GOODS MANUFACTURED
ADD FINISHED GOODS INVENTORY
TOTAL COST OF GOODS AVAIL FOR SALE
LESS FINISHED GOODS INVENTORY ENDING
COST OF GOODS SOLD

LANGGA CORPORATION
STATEMENT OF COST GOOD SOLD
31-Dec-19

SALES
LESS COST OF GOODS SOLD
GROSS PROFIT/INCOME
LESS OPERATING EXPENSES
PROPERTY TAXES FACTORY SITE
DEPRECIATION EXPENSE FACTORY BUILDING
DEPRECIATION EXPENSE FACTORY EQUIPMENT 82,800
NET PROFIT/INCOME
 SCHEDULE
DIRECT LABOR 450,000
MANUFACTURING OVERHEAD
INDIRECT LABOR 194,220
RENT EXPENSE FACTORY BUILDING 84,600
PROPERTY TAXES FACTORY SITE 19,260
FACTORY INSURANCE EXPENSE 16,020
FACTORY SUPPLIES EXPENSE 34,920
FACTORY UTILITIES 109,440
REPAIR AND MAINTENANCE FACTORY EQUIPMENT 30,060
amortization patents 13,680
UNCOLLECTIBLE ACCOUNTS EXPENSE

DEPRECIATION EXPENSE FACTORY EQUIPMENT

INTEREST EXPENSE
MISCELLANEOUS EXPENSES
SALARIES EXPENSE
502,200 952,200
1,051,560