JAGIYA KPOP TV MERCHANDISE

Statement of Cost of Goods Sold

For the month ended October 31, 2021

Jagiya, Beginning Inventory 0

Add: Purchases P 537,690
Freight In 3,800
Less: Purchase Discount 568
Purchase Returns and Allowances 23,560
Total Goods Available for Sale P 517,362
Less: Ending Inventory 0
COST OF GOODS SOLD P 517,362

JAGIYA KPOP TV MERCHANDISE

Income Statement
For the month ended October 31, 2021

Sales P 874,350
Less: Sales Discount P ( 3,000 )
Sales Returns and Allowances ( 100,400 )
Net Sales 770,950
Less: Cost of Goods Sold ( 517,362 )
GROSS PROFIT 253,588
Less: Operating Expenses
Salaries P 85,400
Utilities 78,500
Advertising 105,300
Freight Out 56,500
Office Supplies 67,330
Total Operating Expenses ( 393,030 )
NET LOSS P 139,442