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  • Make A Statement For Cost of Goods Manufactured S...

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    khushi shah
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    make a statement for cost of goods manufactured s...

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    2 views1 page

    Make A Statement For Cost of Goods Manufactured S...

    Uploaded by

    khushi shah

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Description Amount (₹)

    Opening Stock of Raw Materials 2,00,000


    Add: Purchases of Raw Materials 10,00,000
    Less: Closing Stock of Raw Materials 3,00,000
    Cost of Raw Materials Used 9,00,000
    Add: Direct Labor 15,00,000
    Prime Cost 2400000
    Rent and Utilities 2,00,000
    Employee Benefits 1,50,000
    Depreciation of Equipment 1,00,000
    Software Licenses 1,50,000
    Training and Development 2,00,000
    Total Manufacturing Overhead 8,00,000
    Add: Beginning Work in Process (WIP) Invent 6,00,000
    Less: Ending Work in Process (WIP) Inventor 4,00,000
    Cost of Goods Manufactured 34,50,000

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