Hi, I found this exercise, but I have a problem. This is the text:

The Tube Co. manufactures thermionic valves for audio equipment applications. At the end of 2012, its accounting records showed the following:
Inventories
Beginning
Ending
Materials
1200
2800
Work in process
4800
2100
Finished goods
2300
5700
Direct Material purchases
16000
Sales revenue
108500
Plant maintenance services
6000
Sales salaries expense
12000
Freight-out costs
4500
Utilities for plant
6600
Plant depreciation
8000
Customer service expenses
14000
Interest expenses
9500
Income taxes
5800
Direct Labor
21000

Required:
a) Prepare a statement of cost of goods sold for the year ended Dec. 31st, 2012.






My question is about the requirement of this problem: in my book the financial statements mentioned are the "classics" (income statement, cash flow statement, balance sheet, retained earnings statement), so what does it mean "cogs statement"? Thank you

The only component that affects Cost of Goods sold is Finished Goods so you have to calculate the inputs and outputs of the various inventories to arrive at the movements in Finished Goods inventory.

Presumably you are being asked to detail these movements. We are not told which costing system is in use so you will have to make the call on what part of Plant Overhead is to be included.