ba 115

prepared by
section
date

walk in process invntory: beginning

raw materials
raw materials inventory begi
add: purchases
less purchase returns and allowances
transportation in
cost of raw materials evaluate for use
less: raw materials inventory and cost of raw matrials used
direct labor
factory overhead
indirect labor
building company expense
general factory expense
*supplies used
equipment chuchu and maintenance
taxes and insurance
Total factory overhead
Total manufacturing costs
total cost of work in process during the period
less: work in process inventory
cost of goods manufactured

31,700

42000

326,400

1099

COST OF GOODS SOLD

For the year ended Jun 20 1968
inventoryL beginning
Add; Cost of goods anufactured
Cost of goos avaible for sale
Less: Ending inventory
Cost of goods sold

INCOME STATEMENT

Sales
Less: Series returns and allowances
Sales discounts
Net sales
Cst of good sol
Gross profit
Other operating expense
selling
general selling expenses
sales salaries
building company expense
equipment depreciation ad maintenance
taxes and insurance
general and administrative
administrative salaries
miscellaneous genreal expense
equipment depreciation ad maintenance
building company expense
taxes and insurance
opening income
finance costs
interest payable
interest income
interest before tax
income taxes
net income

147,400
81,900
9,500
5,300
4,400
43,500
27,000
10,600
9,500
8,500

1,104,500
574,000

248,500

345,300
229,100
23,
3,200

20,700
208,400
84
126

Statement of Retained Earnign

Retained earning:beg
ass: net incom
less: dividents