STATEMENT OF COST OF GOODS MANUFACTURED AND SOLD

No.4 No.5 No.6 No.7 No. 8 No.9

Materials, Beginning 32,400 17,000 16,000 44,000 16,000
Add: Net Purchase 40,000 243,000 72,000 600,000 800,000 170,000
MATERIALS AVAILABLE 72,400 260,000 88,000 644,000 186,000
Less: Materials, Ending (34,000) (19,000) (17,000) (60,000) (65,000
)
MATERIALS USED 38,400 241,000 71,000 106,000 584,000 121,000
Less: Indirect Materials Used - - - (6,000) - -
Direct materials 38,400 241,000 71,000 100,000 584,000 500,000 121,000 301,000 60% of CC
Direct Labor 33,000 320,000 30,000 250,000 240,000 600,000 180,000 40% of CC
180K/60% X 40 = 120K
Manufacturing Overhead 17,160 188,000 20,000 130,000 220,000 700,000 120,000
TOTAL MANUFACTURING COST 88,560 749,000 121,000 480,000 1,044,000 1,800,000 421,000
Add: Work In Process, Beginning 7,200 12,000 16,000 30,000 80,000 200,000 34,000
TOTAL COST PLACED IN PROCESS 95,760 761,000 137,000 510,000 1,124,000 2,000,000 455,000
Less: Work In Process, Ending (16,240) (13,000) (30,000) (40,000) (96,000) (250,000) 25,000
COST OF GOODS MANUFACTURED 79,520 748,000 107,000 470,000 1,028,000 1,750,000 430,000
Add: Finished Goods, Beginning 8,000 62,000 14,000 50,000 50,000 610,000 30,000
TOTAL GOODS AVAILABLE FOR SALE 87,520 810,000 121,000 520,000 1,078,000 2,360,000 460,000
Less: Finished Goods, Ending (6,000) (46,000) (20,400) (60,000) (36,000) (760,000) 60,000
COST OF GOODS SOLD 93,520 764,000 100,600 460,000 1,042,000 1,600,000 400,000

Net sales
Less: Cost of Goods Sold
GROSS PROFIT
Operating Expense
Income before Income Tax
Income Tax
NET INCOME
 No.11 No.12
Materials, Beginning 60,000 11,620
Add: Net Purchase 630,000 No.11
MATERIALS AVAILABLE 690,000 Beginning Accrued Payroll 6,200
Less: Materials, Ending (90,000) TOTAL PAYROLL FOR THE PERSON 550,000
MATERIALS USED 600,000 TOTAL PAYROLL TO BE PAID 556,200
Less: Indirect Materials Used - Ending Accrued Payroll (7,000)
Direct materials used 600,000 Payroll payment 549,200
Direct Labor 410,000 32,640
Manufacturing Overhead 821,000 65,280
Indirect Labor 12,160
TOTAL MANUFACTURING COST 1,831,00 Other FC 31,730
0 Indirect M 21,390
Add: Work In Process, Beginning 34,000 5,740
TOTAL COST PLACED IN PROCESS 1,865,00
0 16k units na
Less: Work In Process, Ending (35,000) (7,820) 192k/16000 units = 12
COST OF GOODS MANUFACTURED 1,830,00 192,000
0
Add: Finished Goods, Beginning 46,000
TOTAL GOODS AVAILABLE FOR SALE 1,887,00
0
Less: Finished Goods, Ending (36,000)
COST OF GOODS SOLD 1,840,00
0
Materials, Beginning
Add: Net Purchase
MATERIALS AVAILABLE
Less: Materials, Ending
MATERIALS USED
Less: Indirect Materials Used
Direct materials
Direct Labor
Manufacturing Overhead
TOTAL MANUFACTURING COST
Add: Work In Process, Beginning
TOTAL COST PLACED IN PROCESS
Less: Work In Process, Ending
COST OF GOODS MANUFACTURED
Add: Finished Goods, Beginning
TOTAL GOODS AVAILABLE FOR
SALE
Less: Finished Goods, Ending
Sales
COST OF GOODS SOLD Net Sales
Less: Sales Return Less: Cost of Goods Sold
NET SALES GROSS PROFIT
Less: Cost of Goods Sold Operating expense
GROSS PROFIT
Less: Selling Expense
General Expense
NET INCOME BEFORE TAXES
Income Tax
NET INCOME AFTER TAXES