MALAKAS Manufacturing Corp.

STATEMENT OF COST OF GOODS MANUFACTURED

For the month ended, January 31, 2012

Direct Labor
Raw Material Inventory, Beg.
Add: Net Cost of Purchases
Raw Material X Purchases 20,000.00
Raw Material Y Purchases 55,000.00
Total Purchases 75,000.00
Cost of Goods Available for Sale 75,000.00
Less: Raw Material Inventory, End 1,000.00
Direct Materials Used 74,000.00
Direct Labor 18,000.00
Manufacturing Expenses
Indirect Labor 6,000.00
Factory Supplies Expense 4,000.00
Factory insurance Expense 4,000.00
Factory Real Estate Taxes Expense 15,000.00
Factory Repairs Expense 30,000.00
Utilities Expense - Factory 6,750.00
PhilHealth Contributions Expense - Factory 562.50
EC Contributions Expense - Factory 900.00
SSS Contributions Expense - Factory 1,312.50
HDMF Contributions Expense - Factory 450.00
Depreciation Expense - Building - Factory 9,000.00
Depreciation Expense - Machineries - Factory 5,000.00
Factory Overhead 82,975.00
Total Manufacturing Cost
Add: Work in Process, beginning -
Less: Work in Process, end -
COST OF GOODS MANUFACTURED 174,975.00
Cost of Goods Manufactured
Unit Cost =
Total unit Produced
174,975
Unit Cost =
4,000
Unit Cost =43.74

100−43.74375
Mark up rate=
43.74375
56.26
Mark up rate=
43.74
Mark up rate=130 %