::: vuaskari.com ::: MGT402 Complete format of Cost of Goods Sold statement

Entity Name
Cost of Goods Sold statement
for the year ended_______
	Rs.	Rs.

Direct Material Consumed
Opening inventory
Add: Purchases
Less: Purchases Return
Add: Fright / Carriage Inward
Less: Discount on Purchases
Material available for use
Less Closing inventory
Direct Material used
Add: Direct labor
Prime cost
Add Factory overhead Cost
Total factory cost
Add Opening Work in process
Cost of good to be manufactured
Less Closing Work in process
Cost of good manufactured
Add Opening finish goods
Cost of good to be sold
Less closing finish goods
Cost of good to sold

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