Accounting Manufacturing Lecture

ACCOUNTING MANUFACTURING

STATEMENT OF COST OF GOODS MANUFACTURED AND SOLD



NINO COMPANY

STATEMENT COST OF GOODS MANUFACTURED

RM INV BEG 382,500.00

RM PURCHASES 5,400,000.00

FREIGHT IN 67,500.00

RM AVAILABLE FOR USE 5,850,000.00
-
RM INV END 427,500.00
DM
USED 5,422,500.00

DL 7,200,000.00

FOH 4,230,000.00

TMC 16,852,500.00

WIP INV BEG 270,000.00

TOTAL COST OF GOODS PUT INTO PROCESS 17,122,500.00
-
WIP INV END 292,500.00

TOTAL COST OF GOODS MANUFACTURED 16,830,000.00

STATEMENTOF COST OF GOODS SOLD

FG INV BEG 1,395,000.00

TOTAL COST OF GOODS MANUFACTURED 16,830,000.00

COST OF GOODS AVAILABLE FOR SALE 18,225,000.00
-
FG INV END 1,035,000.00

COST OF GOOD SOLD 17,190,000.00