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    Manufacturing Account

    Uploaded by

    meelas123

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    Manufacturing Account

    Uploaded by

    meelas123
    375 views2 pages

    Copyright

    © Attribution Non-Commercial (BY-NC)

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    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    375 views2 pages

    Manufacturing Account

    Uploaded by

    meelas123

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    You are on page 1of 2

    Manufacturing Account

    Name of the Business


    Manufacturing Account for the Year Ended 31st December 2008
    Opening stock of raw material xxx.
    Add : purchase of raw material xxx.
    Add : carriage inwards xxx.
    Less : Return outwards/P/return xxx.
    Less closing stock of raw material xxx
    Cost of raw material used xxx
    Add: direct labor cost/ direct wages/ factory wags/ Mfg. wages xxx
    Add: direct expenses ( if any) ( Royalty) xxx
    Prime cost xxx
    Add: F.O.H
    Indirect material cost xxx.
    Indirect labor cost xxx.
    Deprecation of factory machinery/ building xxx.
    Rent of factory building xxx.
    Fuel expenses xxx
    Utility bills of factory xxx
    Repair and maintenance of factory xxx
    Loose tools expenses (opening stock + purchases – closing stock) xxx
    Insurance of factory machinery / building xxx

    Total factory cost/ total manufacturing cost xxx


    Add: Opening work in progress xxx
    Less: Closing work in progress xxx
    Production cost xxx
    Add : factory profit or manufacturing profit ( loss) xxx
    Transfer value xxx
    TRADING AND PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 19X5
    £ £
    Sale xxx
    Less return inwards /sale returns xxx
    Net sale xxx
    Less cost of goods sold
    Opening stock of finished goods xxx
    Production cost/Transfer value xxx
    Less closing stock of finished goods xxx xxx
    Gross profit xxx
    Add discount received / rent received xxx
    xxx
    Less: expenses
    Rent xxx
    Salaries xxx
    Wages xxx
    Insurance xxx
    Advertising xxx
    Carriage outwards xxx
    Repair and maintenance xxx
    Bad debts xxx
    Increase in Provision for bad debts xxx
    Van running cost xxx
    Fuel expenses xxx xxx
    Profit on Trading xxx
    Add: factory profit xxx
    Less: Increase in Provision foe unrealized profit xxx xxx
    Net profit / Net loss xxx
    Balance sheet
    Current assets
    Stock of raw material (closing) xxx
    Work in progress (closing) xxx
    Finished goods (closing) xxx

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