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03 Ruthven Compnay Cost of Goods Sold Statement For the Month of September
Direct Material Opening Material Add Purchases Total Material available for use Less Closing Material Total Material Consumed Direct Labour Cost Factory Overhead Applied 2/3 of D/L Total Manufacturing Cost (Applied) Add Work in Process (Opening) Cost of Goods to be Manufactured (Applied) Less Work in Process (Closing) Cost of Goods Manufactured (Applied) Add Finished Goods (Opening) Cost of Goods Available for Sale (Applied) Less Finished Goods (Closing) Cost of Goods Sold (Applied) $ 8,000.00 $ 36,000.00 $ 44,000.00 $ 8,500.00 $ $ $ $ $ $ $ $ $ $ $ $ 35,500.00 15,000.00 10,000.00 60,500.00 8,000.00 68,500.00 15,000.00 53,500.00 7,000.00 60,500.00 10,200.00 50,300.00
Q No. 04 Crowley Inc. Cost of Goods Sold Statement For the Month of September
Direct Material Opening Material Add Purchases Total Material available for use Less Closing Material Total Material Consumed Direct Labour Cost Factory Overhead Applied 150% of D/L Total Manufacturing Cost (Applied) Add Work in Process (Opening) Cost of Goods to be Manufactured (Applied) Less Work in Process (Closing) Cost of Goods Manufactured (Applied) Add Finished Goods (Opening) Cost of Goods Available for Sale (Applied) Less Finished Goods (Closing) Cost of Goods Sold (Applied) $ 7,000.00 $ 42,300.00 $ 49,300.00 $ 7,400.00 $ $ $ $ $ $ $ $ $ $ $ $ 41,900.00 30,000.00 45,000.00 116,900.00 9,600.00 126,500.00 13,000.00 113,500.00 15,000.00 128,500.00 17,500.00 111,000.00
Q No. 05 The Shelikoff Company Income Statement For the Year Ended on December 31, 19-Sales Less Cost of Goods Sold Direct Material Opening Material Add Purchases Total Material available for use Less Closing Material Total Material Consumed Direct Labour Cost Factory Overhead Applied 50% of D/L Total Manufacturing Cost (Applied) Add Work in Process (Opening) Cost of Goods to be Manufactured (Applied) Less Work in Process (Closing) Cost of Goods Manufactured (Applied) Add Finished Goods (Opening) Cost of Goods Available for Sale (Applied) Less Finished Goods (Closing) Cost of Goods Sold (Applied) Gross Profit Less Operative Expenses Marketing Expenses Administrative Expenses Total Operative Expenses Net Income Befor Incom Tax and Interest The Percentage of Income to Sales before Income Tax Formulla Net Income Befor Income Tax Sales $ $ $ 314,000.00
$ 3,800.00 $ 140,000.00 $ 143,800.00 $ 4,300.00 $ $ $ $ $ $ $ $ $ $ $ 139,500.00 67,350.00 33,675.00 240,525.00 4,600.00 245,125.00 6,200.00 238,925.00 5,900.00 244,825.00 9,270.00 $ $ $ $ 23,115.00 17,650.00 $ $ 40,765.00 37,680.00 235,555.00 78,445.00
x 100
12.00%
Q No. 06 Metaxen Corporation Cost of Goods Sold Statement For the Year Ended on December 31st,
Direct Material Opening Material Add Purchases Add Freight on Materials Purchase Total Material available for use Less Closing Material Total Material Consumed Direct Labour Cost Total Prime Cost Factory Overhead Factory Overhead (Excluding Dep.) Depreciation Total Manufacturing Cost Add Work in Process (Opening) Cost of Goods to be Manufactured Less Work in Process (Closing) Cost of Goods Manufactured Add Finished Goods (Opening) Cost of Goods Available for Sale Less Finished Goods (Closing) Cost of Goods Sold $ $ 366,000.00 $ 6,600.00 $ $ $ 88,000.00 372,600.00 460,600.00 64,000.00 $ $ $ $ $ 468,400.00 104,400.00 $ $ $ $ $ $ $ $ $ $ 396,600.00 523,600.00 920,200.00
572,800.00 1,493,000.00 29,800.00 1,522,800.00 38,800.00 1,484,000.00 44,200.00 1,528,200.00 66,000.00 1,462,200.00
Q No. 07 Brockway Corporation Cost of Goods Sold Statement For the Year Ended on ----------Direct Material Opening Material Add Purchases Total Material available for use Less Closing Material Total Material Consumed Direct Labour Cost Factory Overhead Total Manufacturing Cost Add Work in Process (Opening) Cost of Goods to be Manufactured Less Work in Process (Closing) Cost of Goods Manufactured Add Finished Goods (Opening) Cost of Goods Available for Sale Less Finished Goods (Closing) Cost of Goods Sold $ $ $ $ 90,000.00 198,000.00 288,000.00 95,000.00 $ $ $ $ $ $ $ $ $ $ $ $ 193,000.00 224,000.00 167,000.00 584,000.00 70,000.00 654,000.00 80,000.00 574,000.00 110,000.00 684,000.00 95,000.00 589,000.00
Q No. 08 Reinecke, Inc. Cost of Goods Sold Statement For the Year Ended on March 31, 19B
Direct Material Total Material Consumed Direct Labour Cost Factory Overhead Applied (30% of D/L) Total Manufacturing Cost (Applied) Add Work in Process (Opening) Cost of Goods to be Manufactured (Applied) Less Work in Process (Closing) Cost of Goods Manufactured (Applied) Add Finished Goods (Opening) Cost of Goods Available for Sale (Applied) Less Finished Goods (Closing) Cost of Goods Sold (Applied) Add Under Applied Factory Overhead Cost of Goods Sold (Actual) $ $ $ $ $ $ $ $ $ $ $ $ $ $ 440,000.00 290,000.00 87,000.00 817,000.00 41,200.00 858,200.00 42,500.00 815,700.00 34,300.00 850,000.00 31,500.00 818,500.00 2,760.00 821,260.00
Q No. 09 White Corporation Cost of Goods Sold Statement For the Year Ended on 19-Direct Material Opening Material Add Purchases Less Purchase Discount Net Purchases Add Freight In Total Material available for use Less Closing Material Total Material Consumed Direct Labour Cost Total Prime Cost Factory Overhead Depreciation Indirect Labour Miscellaneous Factory Overhead Total Manufacturing Cost Add Work in Process (Opening) Cost of Goods to be Manufactured Less Work in Process (Closing) Cost of Goods Manufactured Add Finished Goods (Opening) Cost of Goods Available for Sale Less Finished Goods (Closing) Cost of Goods Sold $ $ 364,000.00 $ 5,200.00 $ 358,800.00 $ 8,600.00 $ $ $ 34,200.00
$ $ $
137,600.00 652,400.00 81,500.00 733,900.00 42,350.00 691,550.00 48,600.00 740,150.00 72,612.75 667,537.25
Calculation for Units Produced / Manufactured During the Year:Units Sales During the Year Add Closing finished Goods Units Total Units abailable for Sales Less Opening finished Goods Units Units Manufactured During the Year
Opening Units Units Produced During the Year Total Units abailable for Sales Sales Units Closing Units Per Unit Cost Cost of Goods Manufactured Number of Units Produced Per Unit Cost
Finished Goods Closing Finished Goods Units x Per Units Cost Finished Goods Closing
$ 72,612.75