Account # Account Name

1000 ASSETS
1100 Current Assets
1110 CASH - Petty Cash
1120 CASH - Operating Account
1130 Central Bank

1200 RECEIVABLES
1250 Account Receivables

1300 INVENTORIES
1310 Raw Materials Inventory
1320 Work in Progress Inventory
1330 Finished Goods Inventory
1340 Indirect Materials Inventory
1350 Other Products Inventory
1360 Office Inventory
1370 Finished Goods Inventory - Product 1
1380 Finished Goods Inventory - Product 2
1390 Finished Goods Inventory - Product 3

1400 PREPAID EXPENSES and OTHER CURRENT ASSETS

1410 PREPAID - Insurance
1420 PREPAID - Rent

1500 FIXED ASSETS

1510 PPE - Computer Equipment
1520 PPE - Machinery and Equipment
1530 PPE - Furniture and Fixtures
1540 PPE - Vehicles
1550 PPE - Leasehold Improvements

1600 ACCUMULATED DEPRECIATION and AMORTIZATION

1610 ACCUM DEPR - Computer Equipment
1620 ACCUM DEPR - Machinery and Equipment
1630 ACCUM DEPR - Furniture and Fixtures
1640 ACCUM DEPR - Vehicles

2000 LIABILITIES

2100 PAYABLES
2110 A/P - Trade
2120 Unearned Revenue
2130 VAT - Input
2140 VAT - Output

2700 DEBTS
2710 Central Bank Long Term Debts
2720 Financial Company Short Term Debts

3000 OWNER'S EQUITIES

3100 Owner's Capital
3200 Retained Earnings
3300 Current Earnings
3400 Owner's Withdrawal

4000 REVENUE
4100 REVENUE - All Products
4101 REVENUE - Product 1
4102 REVENUE - Product 2
4103 REVENUE - Product 3
4200 Sales Discounts - All Products
4201 Sales Discounts - Product 1
4202 Sales Discounts - Product 2
4203 Sales Discounts - Product 3
4300 Sales Returns and Allowances - All Products
4301 Sales Returns and Allowances - Product 1
4302 Sales Returns and Allowances - Product 2
4303 Sales Returns and Allowances - Product 3

5000 COST of GOODS SOLD

5100 COGS - Finished Goods Product
5110 COGS - Purchase Finished Goods Product
5120 COGS - Manufactured Finished Goods Product
5200 COGS - Raw Materials
5210 COGS - Purchase - Raw Materials
5211 COGS - Purchase - Raw Material 1
5212 COGS - Purchase - Raw Material 2
5213 COGS - Purchase - Raw Material 3
5250 COGS - Work in Progress
5260 COGS - Work in Progress Material Received
5300 COGS - Direct Labor Cost
5400 COGS - Indirect Labor Cost
5410 COGS - Indirect Material Cost
5420 COGS - Salaries and Wages
5430 COGS - Compensation
5440 COGS - Water
5450 COGS - Electricity
5460 COGS - Depreciation
5470 COGS - Other
5500 COGS - Purchase Returns and Allowances
5600 COGS - Purchase Discounts
5700 COGS - Other Products
6000 OPERATING EXPENSES
6100 EXP - Salaries
6110 EXP - Administration
6120 EXP - Electricity, Water, Phone
6130 EXP - Rent
6140 EXP - Insurance
6150 EXP - Repair and Maintenance
6160 EXP - Office Supplies
6170 EXP - Depreciation Equipment
6180 EXP - Depreciation Vehicles
6190 EXP - Other

7000 OTHER INCOME

7100 Finance Charge Income

8000 OTHER EXPENSES

8100 EXP - Interests
8200 EXP - Bank Charges
 SCHEDULE OF COST OF GOODS MANUFACTURED

0 CoA Account Name

1 INVENTORY - DIRECT MATERIAL
1
2 Beginning of Inventory - Raw Materials 1,000.00
3 5210 COGS - Purchase - Raw Materials 2,000.00
4 5600 COGS - Purchase Discounts (200.00)
4
4
4
4
4
4
4
4
4
4
5 Total Raw Materials 2,800.00
6 Ending Inventory - Raw Materials 2,000.00
7 Total Direct Materials 800.00
8 DIRECT LABOR
9 5300 COGS - Direct Labor Cost 1,000.00
9
9
9
9
9
9
9
9
9
9
9
9
9
9
### Total Direct Labor 1,000.00
### FACTORY OVERHEAD
###
### 5400 COGS - Indirect Labor Cost 500.00
### 5410 COGS - Indirect Material Cost 500.00
### 5420 COGS - Salaries and Wages 500.00
### 5430 COGS - Compensation 300.00
### 5440 COGS - Water 50.00
### 5450 COGS - Electricity 100.00
### 5460 COGS - Depreciation 150.00
### 5470 COGS - Other
###
###
###
###
###
###
### Total Factory Overhead 2,100.00
### TOTAL MANUFACTURING COST 3,900.00
### INVENTORY - WORK IN PROGRESS
### Beginning of Inventory - Work in Progress 1,000.00
### Total Work in Progress 4,900.00
### Ending Inventory - Work in Progress 1,500.00
### COST of GOODS MANUFACTURED 3,400.00

© 2018 - Excelindo.com
 EXCELINDO COMPANY INC
SCHEDULE OF COST OF GOODS MANUFACTURED
For the Year Ended MM/DD/YYYY

INVENTORY - DIRECT MATERIAL

Beginning of Inventory - Raw Materials 1,000.00
COGS - Purchase - Raw Materials 2,000.00
COGS - Purchase Discounts (200.00)
Total Raw Materials 2,800.00
Ending Inventory - Raw Materials 2,000.00
Total Direct Materials 800.00
DIRECT LABOR
COGS - Direct Labor Cost 1,000.00
Total Direct Labor 1,000.00
FACTORY OVERHEAD
COGS - Indirect Labor Cost 500.00
COGS - Indirect Material Cost 500.00
COGS - Salaries and Wages 500.00
COGS - Compensation 300.00
COGS - Water 50.00
COGS - Electricity 100.00
COGS - Depreciation 150.00
COGS - Other 0.00
Total Factory Overhead 2,100.00
TOTAL MANUFACTURING COST 3,900.00
INVENTORY - WORK IN PROGRESS
Beginning of Inventory - Work in Progress 1,000.00
Total Work in Progress 4,900.00
Ending Inventory - Work in Progress 1,500.00
COST of GOODS MANUFACTURED 3,400.00
 EXCELINDO COMPANY INC
SCHEDULE OF COST OF GOODS MANUFACTURED
For the Year Ended MM/DD/YYYY

INVENTORY - DIRECT MATERIAL

Beginning of Inventory - Raw Materials 5,000.00
COGS - Purchase - Raw Materials 3,105.00
Total Raw Materials 8,105.00
Ending Inventory - Raw Materials 1,000.00
Total Direct Materials 7,105.00

DIRECT LABOR
COGS - Direct Labor Cost 59.25
Total Direct Labor 59.25

FACTORY OVERHEAD
COGS - Indirect Labor Cost 0.00
COGS - Indirect Material Cost 0.00
COGS - Salaries and Wages 0.00
COGS - Compensation 0.00
COGS - Water 0.00
COGS - Electricity 0.00
COGS - Depreciation 0.00
COGS - Other 0.00
Total Factory Overhead

TOTAL MANUFACTURING COST 8,105.00

INVENTORY - WORK IN PROGRESS

Beginning of Inventory - Work in Progress 5,000.00
Total Work in Progress 13,105.00
Ending Inventory - Work in Progress 3,000.00

COST of GOODS MANUFACTURED 10,105.00