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 ********