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Cost Sheet Format

This document outlines a cost sheet format that tracks direct material purchases, direct wages, direct expenses, factory overhead, work-in-progress, cost of production, selling and distribution overhead, opening and closing finished goods stock, and profit margin to calculate cost of sales and selling price. It shows the step-by-step calculation of prime cost, work cost, cost of production, cost of sales by adding or subtracting various cost components.

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Sunita Basak
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656 views3 pages

Cost Sheet Format

This document outlines a cost sheet format that tracks direct material purchases, direct wages, direct expenses, factory overhead, work-in-progress, cost of production, selling and distribution overhead, opening and closing finished goods stock, and profit margin to calculate cost of sales and selling price. It shows the step-by-step calculation of prime cost, work cost, cost of production, cost of sales by adding or subtracting various cost components.

Uploaded by

Sunita Basak
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Cost Sheet Format

Particulars Amount
Direct Material Purchase XXX
Add Opening Stock (RM) XXX
Less Closing Stock(RM) xxx
Material Consumed
Add Direct Wages XXX
Add Direct Expenses XXX
PRIME COST
Add Works or Factory O/H
Factory O/h XXX
Add Opening Stock WIP XXX
Less Closing Stock WIP XXX
WORK COST
Add Admin & Office O/h XXX
COST OF PRODUCTION
Add Selling & Dist O/h XXX
Add Opening stock of Finish Good XXX
Less Closing stock of Finish Goods XXX
COST OF SALES
Add Profit Margin XXX
SELLING PRICE
Amount (Total)

XXX

XXX

XXX

XXX COGS =Cost of Production-opeing stock of FG +Closi

XXX

XXX
ck of FG +Closing stock of FG

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