STATEMENTS FOR MANUFACTRING CONCERNS

---------------------------------------------------------------------MANUFACTURING COMPANY

STATEMENT OF COST GOODS MANUFACTURED

FOR THE YEAR/MONTH/PEIOD ENDED----------------------------------------------------------

Cost of Work in Process Inventory-Opening Rs.xxxxx

ADD:-DIRECT MATERIAL COST

Raw Materials –opening Rs.xxx

ADD:-Purchases of Raw Materials Rs.xxx

LESS:-Purchases Discount Rs.xxx

“ “ :-Purchases Returns & Allowance + Xxx

( Xxxx)
Net Purchases of Raw Materials
xxxx
Xxx
ADD:- Import Duty
+
“ “:- Transportation in/Carriage in /Freight in
Xxx + xxxx + Xxx
Net delivered cost of Purchases of Raw Materials
xxx
Cost of Raw Materials available for use
xxx
LESS:- Raw Materials –Ending
xxxx
Direct Materials Cost put in to Process
xxx
ADD:- Direct Labor Cost “ “ “ “
xxx
ADD:- Actual/Manufacturing FOH Cost
Xxxxx
Total MFG/Producing Costs put in to process
Xxxxx
Total Cost of Work in Process Inventory
Xxxx
LESS:- Work in Process Inventory-Ending
Xxxx
Cost of Goods(Finished Goods)
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Manufactured/Produced
 ----------------------------------------------------------------------------------MFG.COMPANY

INCOME STATEMENT/STATEMENT OF PROFIT & LOSS

FOR THE YEAR/MONTH/PEIOD ENDED-------------------------
Sales/Sales Revenue Rs.xxxx

Less:-Sales Discount Rs.xxx

“ “:- Sales Returns Xxx Xxxx

Net Sales Xxxx

Less:-COST OF GOODS(FINISHED GOODS) SOLD

Finished Goods-Opening Rs.xxx

ADD;- Cost of Finished Goods Manufactured Xxxx

Cost of Finished Goods available for Sale Xxxx

Less:-Finished Goods-Ending Xxxx

( Xxxx)
Cost of Goods Sold
xxxx
+ve Gross Profit & ve- Gross Loss

LESS:-OPERATING EXPENSES Xxx

Selling Expenses Xxx

Administrative Expenses xxx

Other operating Expense

( Xxxx)
Total Operating Expenses
Xxxx
If +VE-Net Operating Income before Tax( If –VE-Net Operating Loss)
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NOTE:-

 Rate of Gross Profit To Sales=Gross Profit/ Net Sales X 100=---------------%

 Rate of Net Income To Sales= Net Income/ Net Sales X 100=--------------%