DAIBB, MA, Cost of Goods Manufactured/SOLD Schedule and Income Statement

Cost of Goods Manufactured/SOLD Schedule

 

XYZ COMPANY Statement of Cost of Goods Manufactured for the year ended
Detail	Tk	Tk
Beginning raw materials inventory add    Cost of raw materials purchased less    Ending  raw material inventory balance = Raw materials used  add   Direct labor cost add   Manufacturing overhead      = Total manufacturing cost  add   opening work-in-process inventory less   ending work-in-process inventory       = Cost of goods manufactured
Cost of goods manufactured add    Beginning finished goods inventory less    Ending finished goods inventory        = Cost of goods sold

XYZ COMPANY Income Statement for the year ended
Detail	Tk	Tk
Revenue/Sales less   Cost of goods sold       = Gross margin  less   Selling, general and administrative expenses       = Operating income  add    Other income less    Other expense less    Income tax expense        = Net income or net loss