Fwd: complete format of Cost of Goods Sold statement
Muhammad Sarim
Entity Name
Cost of Goods Sold statement
for the year ended_______
RS. RS.
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Direct Material Consumed |
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Opening inventory |
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Add: Purchases |
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Less: Purchases Return |
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Add: Fright / Carriage Inward |
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Less: Discount on Purchases |
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Material available for use |
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Less Closing inventory |
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Direct Material used |
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Add: Direct labor |
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Prime cost |
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Add Factory overhead Cost |
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Total factory cost |
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Add Opening Work in process |
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Cost of good to be manufactured |
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Less Closing Work in process |
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Cost of good manufactured |
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Add Opening finish goods |
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Cost of good to be sold |
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Less closing finish goods |
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Cost of good to sold |
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