Académique Documents
Professionnel Documents
Culture Documents
Columbus Company
Cost of Goods Sold Statement
October 31, 20..
Direct Materials
Materials and supplies, October 01 40,700
Purchase 24,800
Materials available for use 65,500
less : Materials and supplies, October 31 31,750
Supplies used 3,950
Direct Materials Used 29,800
Direct Labor 18,600
Applied Factory Overhead 27,450
Manufacturing Cost 75,850
Add : Work In Process, october 01 4,070
79,920
Less : Work In Process, october 31 4,440
Cost of Goods Manufacture 75,480
Add : finished Goods, October 01 9,800
85,280
Less : finished Goods, October 31 9,250
Cost of Goods Sold 76,030
Columbus Company
Income Statement
October 31, 20..
Sales 144,900
Less : Sales Return and allowance 1,300
Net Sales 143,600
Cost Of Goods Sold 76,030
Gross Profit 67,570
Operating Expense
Marketing Expense 25,050
Depreciation - Building 30
Depreciation -office equipment 16 25,096
Administrative Expense 19,700
Depreciation - Building 20
Depreciation -office equipment 24 19,744
Income From Operating 22,730