How to calculate finished goods produced

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shaileshwar parab (Querist)
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06 November 2012 Sir/Madam
I have a doubt in my mind about calculation of Finished Goods Produced . I want this calculation for 3CD Report .

AS per the Guidance note Given to 3CD calculation of Finished goods is given as
Mterial Consumed in production 11,919,213
Add: Stores Consumed 47,177
Wages & salaries 715,722
Electricity Charges 30,910
Transportation charges 835
Factory Expenses 15,098
Labour charges 5,000
Cost of Finished Goods produced 12,733,955

Is this below mentioned formula for calculation of Finished goods produced is correct

Sales During the year ********
Less : Gross profit ********
Cost of goods sold ********
Add; cl. stock of finished goods ********
less: op. stock of finished goods ********
Finished goods produced During the year ********

Please Help me sir / Madam in this

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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10 August 2023

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