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View Full Version : Example of statement of cost of goods manufactured and sold


Shehla Fatima
Dec 9, 2012, 09:27 AM
Inventeries June 1 june30
Materials 9000 10000
Wip... materials 8000 9000
Wip... labour 4000 5200
Wip... foh 4500 4000
Finished goods 11250 13750
Manufacturing costs for the month are as follow:
Direct materials used 43000
Direct labour:
Assembling [email protected] per hour 10200
Finishing [email protected] per hour 15000
FOH is applied according to following rates:
Assembling [email protected] per direct labour hour
Finishing department @Rs4.50 per direct labour hour
Required:
(a).Prepare a C.G.S and unit cost of materials,labour and FOH for the production of June assembling that 12000 units were produced during the month.