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    Joseph Francis Pamaong
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    This document outlines the schedule of cost of goods manufactured and computation of cost of goods sold. It provides the calculation of raw materials used in production, direct labor, manufacturing overhead and total manufacturing cost. It then calculates the cost of goods manufactured and sold by considering beginning and ending inventory amounts. Finally, it presents the income statement, showing sales, cost of goods sold, gross margin, expenses and net operating income.

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    cost of goods manufactured

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    cgm

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    This document outlines the schedule of cost of goods manufactured and computation of cost of goods sold. It provides the calculation of raw materials used in production, direct labor, manufacturing overhead and total manufacturing cost. It then calculates the cost of goods manufactured and sold by considering beginning and ending inventory amounts. Finally, it presents the income statement, showing sales, cost of goods sold, gross margin, expenses and net operating income.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    13 views2 pages

    CGM

    Uploaded by

    Joseph Francis Pamaong
    This document outlines the schedule of cost of goods manufactured and computation of cost of goods sold. It provides the calculation of raw materials used in production, direct labor, manufacturing overhead and total manufacturing cost. It then calculates the cost of goods manufactured and sold by considering beginning and ending inventory amounts. Finally, it presents the income statement, showing sales, cost of goods sold, gross margin, expenses and net operating income.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Schedule of cost of goods manufactured

    Direct materials:
    Raw materials inventory, beginning -
    Add: Purchases of raw materials -
    Raw materials available for use -
    Deduct: Raw materials inventory, ending -
    Raw materials used in production -
    Direct labor -
    Manufacturing overhead -
    Total manufacturing cost -
    Add: Work in process inventory, beginning -
    Total -
    Deduct: Work in process inventory, ending -
    Cost of goods manufactured -

    Computation of cost of goods sold


    Finished goods inventory, beginning -
    Add: Cost of goods manufactured -
    Goods available for sale -
    Deduct: Finished goods inventory, ending -
    Cost of goods sold -

    Income statement
    Sales -
    Less: Cost of goods sold -
    Gross margin -
    Less: Administrative expenses -
    Selling expenses -
    Net operati ng income -

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