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  • CGS Detail Amount

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    Love Islam
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    The document shows a cost of goods sold (CGS) statement and income statement for a company. The CGS statement tracks the costs associated with acquiring, producing, and selling inventory. It shows a CGS of $460k. The income statement then shows sales of $350k, CGS of $460k, operating expenses of $108k, resulting in a net loss of $533k.

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    The document shows a cost of goods sold (CGS) statement and income statement for a company. The CGS statement tracks the costs associated with acquiring, producing, and selling inventory. It shows a CGS of $460k. The income statement then shows sales of $350k, CGS of $460k, operating expenses of $108k, resulting in a net loss of $533k.

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

    CGS Detail Amount

    Uploaded by

    Love Islam
    The document shows a cost of goods sold (CGS) statement and income statement for a company. The CGS statement tracks the costs associated with acquiring, producing, and selling inventory. It shows a CGS of $460k. The income statement then shows sales of $350k, CGS of $460k, operating expenses of $108k, resulting in a net loss of $533k.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 2

    CGS

    Detail Amount
    Opening Inventory/Balance 8k
    Add) Purchases 132k
    Add) Transport/Carriage in -
    Cost of Goods available for use 140k
    Less) Closing Inventory/Balance 10k
    Direct labour Consumed 130k
    Add) Direct labour cost 90k
    Prime Cost 220k
    Add) FOH Actual (W-1) 210k
    Product Cost 430k
    Add) Opening Balance W-I-P Inventory 5k
    Cost of Goods available for manufacture 435k
    Less) Closing Balance W-I-P Inventory 20k
    Cost of Goods manufactured 415k
    Add) Opening Balance Finished Goods 70k
    Cost of Goods Available for Sale 485k
    Less) Closing Balance Finished Goods 25k
    CGS 460k

    INCOME STATEMENT

    Sales 35k
    Less) CGS 460k
    Gross Loss (425k)
    Operating Expenses
     Advertising 100k
     Dep Office Equipment 8k
    Total operating Expenses 108k
    Net Loss (533k)

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