Cost of Goods Manufactured Statement

Cost of goods manufactured is the total cost incurred by a manufacturing company to manufacture product(s) during a particular period of time. Format: Example: John Manufacturing Company, a manufacturer of soda bottles, had the following inventory balances at the beginning and end of 2018. During 2018, the company purchased $1 000 000 of raw material and … Read more

Cost of Goods Sold Statement

A cost of goods sold statement shows the cost of goods sold over a specific accounting period, typically offering more insights than are found on a normal income statement. Example John Manufacturing Company, a manufacturer of soda bottles, had the following inventory balances at the beginning and end of 2018: In 2018, the company purchased … Read more