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Ch2_COGM - $ X X INCOME STATEMENT Sales Less Cost of goods...

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SCHEDULE OF COST OF GOODS MANUFACTURED Beginning balance, Work in Process $ XX Add: Current manufacturing costs: Direct materials $ XX Direct labor XX Manufacturing overhead: Indirect materials $ XX Indirect labor XX Factory utilities XX Factory depreciation XX Other XX XX XX Total costs in Work in Process XX Less: Ending balance, Work in Process XX Cost of Goods Manufactured
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Unformatted text preview: $ X X INCOME STATEMENT Sales Less: Cost of goods sold $ XX Beginning balance, Finished goods $ XX Add: Cost of goods manufactured XX Cost of goods available for sale XX Less: Ending balance, Finished goods XX XX Gross Profit XX Less: Nonmanufacturing expenses Selling expenses XX General and administrative expenses XX XX Net Income (Loss) $ XX...
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