Complex Cost of Goods Sold / Cost of sales

Cost of Goods Sold / Cost of sales

Generally Cost of Goods Sold / Cost of sales indicates only Direct material and direct labor. In a manufacturing company Cost of Goods sold/ Cost of sales is a bit complex. Sample will be given below. 

Cost of Goods Sold
Opening Stock of Finished Goods	0000
Add: Cost of Production (***1)	0000
Cost of Goods Available for Sale	0000
Less: Closing Stock of Finished Goods	(0000)
Total	0000
***1
Cost of Production:
Opening Stock of WIP	0000
Raw Material Consumed (***2)	0000
Production Overhead (***3)	0000
Cost of Production Available for Sale	0000
Less: Closing Stock of WIP	(0000)
Total	0000
****2 Raw Material Consumption:
Opening Stock of Raw Materials	0000
Add: Purchase Material available for use (***4)	0000
Cost of Goods Available for Use	0000
Less: Closing Stock of Raw Materials	(0000)
Total	0000
****4
Raw Material available for Consumption :
Raw Material  Purchases	0000
Total	0000

***3

Production Overhead/Manufacturing O/H Gas bill (factory) Labor wages (factory)                                                         Electricity bill (factory)   Depreciation(factory machinery) Other Factory related expenses