COST OF GOODS SOLD STATEMENT FORMAT PDF



Cost Of Goods Sold Statement Format Pdf

Cost of Sales Templates 8+ Free MS Docs Xlsx & PDF. Cost of Goods Available for Sale represents the physical cost of inventory on your books that is waiting to be sold, while Cost of Goods Sold represents the income statement expense for inventory, Basic Cost Concepts Elementary Cost Accounting 108 Labour Labour is the main factor of production. For conversion of raw material into finished goods, human resource is needed, and such human resource is termed as labour. Labour cost is the main element of cost in a product or service. Labour can be classified into two categories: Direct Labour.

Cost of Goods Sold (COGS) Definition Formula Example

Cost of goods sold SlideShare. 8/14/2018В В· The cost of goods sold (COGS), also referred to as the cost of sales or cost of services, is how much it costs to produce your products or services. COGS include direct material and direct labor expenses that go into the production of each good or service that is sold., 60 Consolidated Financial Statements of the NestlГ© Group 2016 Consolidated income statement for the year ended 31 December 2016 In millions of CHF Notes 2016 2015 Sales 3 89 469 88 785 Other revenue 317 298 Cost of goods sold (44 199) (44 730).

Restaurant Cost of Goods Sold (COGS) Made Simple Author: Monica Parpal Cost of Goods Sold (COGS), also known as "cost of goods used" or simply "cost of usage," is the cost to your restaurant of the food and beverage products your restaurant sells. Since your goods pertain to your food and beverage inventory, COGS is 60 Consolidated Financial Statements of the NestlГ© Group 2016 Consolidated income statement for the year ended 31 December 2016 In millions of CHF Notes 2016 2015 Sales 3 89 469 88 785 Other revenue 317 298 Cost of goods sold (44 199) (44 730)

Cost of goods sold, or COGS, on the income statement, represents costs and expenses involved in the manufacturing, sourcing, and shipping of a product or service. Cost of goods sold, or COGS, on the income statement, represents costs and expenses involved in the manufacturing, sourcing, and shipping of a product or service. Cost of goods 12/1/2013В В· Step 3 Subtract the cost of goods sold from the total of beginning finished goods and cost of good manufactured. If the cost of goods sold was $810,000, for example, the calculation would be $1,350,000 minus $810,000 for $540,000 in finished goods inventory. Cost of goods sold Page 23 24.

Income Statement Format 1. Sales or Revenue Section.Presents sales, discounts, allowances, returns, and other related information. Its purpose is to arrive at the net amount of sales revenue. 2. Cost of Goods Sold Section.Shows the cost of goods sold to produce the sales. Gross Profit.Revenue less cost of goods sold. 3. Selling Expenses. Budgeted Income Statement Definition. The budgeted income statement contains all of the line items found in a normal income statement, except that it is a projection of what the income statement will look like during future budget periods. It is compiled from a number of other budgets, the accuracy of which may vary based on the realism of the inputs to the budget model.

Cost of Goods Available for Sale represents the physical cost of inventory on your books that is waiting to be sold, while Cost of Goods Sold represents the income statement expense for inventory cost of goods sold for certain entities. Who Must File. Filers of Form 1120, 1120-C, 1120-F, 1120S, or 1065, must complete and attach Form 1125-A if the applicable entity reports a deduction for cost of goods sold. Inventories . Generally, inventories are required at the beginning and end of each tax year if the production, purchase, or sale of

The important financial transactions that report and present in the income statement. For example, sales revenues, cost of goods sold, gross profits, administration expenses, salaries expenses, interest expenses, tax expenses, and net profits. The income statement is generally prepared at the same time along with other financial statements by complying with financial reporting frameworks such Restaurant Cost of Goods Sold (COGS) Made Simple Author: Monica Parpal Cost of Goods Sold (COGS), also known as "cost of goods used" or simply "cost of usage," is the cost to your restaurant of the food and beverage products your restaurant sells. Since your goods pertain to your food and beverage inventory, COGS is

Statement may include some non-cash expenses such as depreciation or amortization. Net Income – The ultimate goal of any business is to produce a positive net income or profit over the long haul. Income Statement Sample % Revenue (Sales) 100% - Cost of Goods Sold 75% = Gross Margin 25% - … 10/24/2019 · The cost of goods sold (COGS) budget is essentially part of your operating budget. COGS is the direct expense or cost of the production for the goods sold by a business. These expenses include the costs of raw material and labor but do not include indirect costs such as that of …

Financial Statements 2016. cost of goods sold for certain entities. Who Must File. Filers of Form 1120, 1120-C, 1120-F, 1120S, or 1065, must complete and attach Form 1125-A if the applicable entity reports a deduction for cost of goods sold. Inventories . Generally, inventories are required at the beginning and end of each tax year if the production, purchase, or sale of, A cost of goods sold statement compiles the cost of goods sold for an accounting period in greater detail than is found on a typical income statement.The cost of goods sold statement is not considered to be one of the main elements of the financial statements, and so is rarely found in practice.If presented at all, it appears in the disclosures that accompany the financial statements..

Cost of Sales Templates 8+ Free MS Docs Xlsx & PDF

Cost of goods sold statement format pdf

Budgeted income statement — AccountingTools. Cost of Goods Sold Format is collection of sheet of WORD, PDF and EXCEL format. Cost of goods sold is important statement use in business organization., 10/24/2019 · The cost of goods sold (COGS) budget is essentially part of your operating budget. COGS is the direct expense or cost of the production for the goods sold by a business. These expenses include the costs of raw material and labor but do not include indirect costs such as that of ….

Income Statement Template 23+ Free Word Excel PDF. Cost of Goods Sold Formula – Example #1. Let’s take the example of a company A which has a beginning inventory of $20000. The company purchases raw materials and uses labour to produce goods that it sells and the total value for the same is $5000., Basic Cost Concepts Elementary Cost Accounting 108 Labour Labour is the main factor of production. For conversion of raw material into finished goods, human resource is needed, and such human resource is termed as labour. Labour cost is the main element of cost in a product or service. Labour can be classified into two categories: Direct Labour.

BASIC COST CONCEPTS

Cost of goods sold statement format pdf

Income Statement Template 23+ Free Word Excel PDF. Budgeted Income Statement Definition. The budgeted income statement contains all of the line items found in a normal income statement, except that it is a projection of what the income statement will look like during future budget periods. It is compiled from a number of other budgets, the accuracy of which may vary based on the realism of the inputs to the budget model. https://en.m.wikipedia.org/wiki/Pro_forma The multi-step income statement shows important relationships that help in analyzing how well the company is performing. For example, by deducting cost of goods sold from operating revenues, you can determine by what amount sales revenues exceed the cost of items being sold..

Cost of goods sold statement format pdf


Answer to Cost of goods manufactured, cost of goods sold, and income statement Determine each of the following missing amounts: . Cost of Goods Manufactured Statement: Definition and Explanation: Cost of goods manufactured is the total cost of goods completed during the period.. Manufacturing companies transform raw material into finished goods through the use of labor and factory facilities.

Best Cost Of Sales Template Cost of Goods Sold Sheet Template Cost of Goods Sold Statement Template Cost of Goods Sold Template Cost Of Sales Template Excel Cost Of Sales Template PDF Cost Of Sales Template Word Downloadable Cost Of Sales Template Free Cost Of Sales Template Printable Cost Of Sales Template It is an editable format and 12/1/2013В В· Step 3 Subtract the cost of goods sold from the total of beginning finished goods and cost of good manufactured. If the cost of goods sold was $810,000, for example, the calculation would be $1,350,000 minus $810,000 for $540,000 in finished goods inventory. Cost of goods sold Page 23 24.

Cost of Goods Sold Format is collection of sheet of WORD, PDF and EXCEL format. Cost of goods sold is important statement use in business organization. Budgeted Income Statement Definition. The budgeted income statement contains all of the line items found in a normal income statement, except that it is a projection of what the income statement will look like during future budget periods. It is compiled from a number of other budgets, the accuracy of which may vary based on the realism of the inputs to the budget model.

Cost of Goods Sold Formula – Example #1. Let’s take the example of a company A which has a beginning inventory of $20000. The company purchases raw materials and uses labour to produce goods that it sells and the total value for the same is $5000. Financial Statements for Manufacturing Businesses Cost of goods sold Prepaid insurance Income statement 3. Cost of goods manufactured statement 4. Statement of cash flow. Management Accounting 33 Financial statements are based on well defined accounting concepts and

42 Cost of goods sold. Subtract line 41 from line 40. Enter the result here and on line 4 . . . . . . 42 Part IV Information on Your Vehicle. Complete this part only if you are claiming car or truck expenses on line 9 and are not required to file Form 4562 for this business. … The statement of cost of goods manufactured supports the cost of goods sold figure on the income statement. The two most important numbers on this statement are the total manufacturing cost and the cost of goods manufactured. Be careful not to confuse the terms total manufacturing cost and cost of goods manufactured with each other or with the cost of goods sold.

Income Statement Format 1. Sales or Revenue Section.Presents sales, discounts, allowances, returns, and other related information. Its purpose is to arrive at the net amount of sales revenue. 2. Cost of Goods Sold Section.Shows the cost of goods sold to produce the sales. Gross Profit.Revenue less cost of goods sold. 3. Selling Expenses. Cost of goods sold (123,000) Depreciation expense (15,000) Insurance expense (11,000) Wage Expense (50,000) Net Income 1,000 During 2000 declared and paid dividends of $2,500 During 2000, ABC paid $46,000 in cash to acquire new fixed assets. The accounts payable was used only for inventory. No debt was retired during 2000.

Cost of goods sold statement format pdf

Cost of Goods Sold Formula – Example #1. Let’s take the example of a company A which has a beginning inventory of $20000. The company purchases raw materials and uses labour to produce goods that it sells and the total value for the same is $5000. 12/1/2013 · Step 3 Subtract the cost of goods sold from the total of beginning finished goods and cost of good manufactured. If the cost of goods sold was $810,000, for example, the calculation would be $1,350,000 minus $810,000 for $540,000 in finished goods inventory. Cost of goods sold Page 23 24.

29/03/2019 · Sorry is a family friendly game that can be played by 2-4 players age 6 and up. The object of the game is simple: get all four of your pawns from start to home before your opponents do. But the game can get tricky because you can bump other players back to start and miss turns if you can’t make a move to a space that you do not occupy. Learn how to play Sorry and try it out at your next family … Sorry drinking game how to make Caesarea Gaming critic Mattie Brice explores these questions in an article about her experiences at a drinking game jam, where participants set out to create original drinking games, and learn a bit about

Cost of Sales Templates 8+ Free MS Docs Xlsx & PDF

Cost of goods sold statement format pdf

Income Statement Definition Types Templates Examples. 8/14/2018 · The cost of goods sold (COGS), also referred to as the cost of sales or cost of services, is how much it costs to produce your products or services. COGS include direct material and direct labor expenses that go into the production of each good or service that is sold., 10/24/2019 · The cost of goods sold (COGS) budget is essentially part of your operating budget. COGS is the direct expense or cost of the production for the goods sold by a business. These expenses include the costs of raw material and labor but do not include indirect costs such as that of ….

Inventories and Cost of Goods Sold Cengage Learning

Restaurant Cost of Goods Sold (COGS) Made Simple. 60 Consolidated Financial Statements of the NestlГ© Group 2016 Consolidated income statement for the year ended 31 December 2016 In millions of CHF Notes 2016 2015 Sales 3 89 469 88 785 Other revenue 317 298 Cost of goods sold (44 199) (44 730), Cost of Goods Manufactured Statement: Definition and Explanation: Cost of goods manufactured is the total cost of goods completed during the period.. Manufacturing companies transform raw material into finished goods through the use of labor and factory facilities..

The important financial transactions that report and present in the income statement. For example, sales revenues, cost of goods sold, gross profits, administration expenses, salaries expenses, interest expenses, tax expenses, and net profits. The income statement is generally prepared at the same time along with other financial statements by complying with financial reporting frameworks such Cost of Goods Manufactured Statement: Definition and Explanation: Cost of goods manufactured is the total cost of goods completed during the period.. Manufacturing companies transform raw material into finished goods through the use of labor and factory facilities.

Cost of Goods Available for Sale represents the physical cost of inventory on your books that is waiting to be sold, while Cost of Goods Sold represents the income statement expense for inventory Cost of Goods Sold Formula – Example #1. Let’s take the example of a company A which has a beginning inventory of $20000. The company purchases raw materials and uses labour to produce goods that it sells and the total value for the same is $5000.

12/17/2018В В· A cost statement or cost sheet is a breakdown of all costs incurred, which is comprised of direct and indirect expenses. While the statement can be prepared to calculate the cost of any item from attending a university to a development project, it is most commonly used for goods. Cost of goods sold (123,000) Depreciation expense (15,000) Insurance expense (11,000) Wage Expense (50,000) Net Income 1,000 During 2000 declared and paid dividends of $2,500 During 2000, ABC paid $46,000 in cash to acquire new fixed assets. The accounts payable was used only for inventory. No debt was retired during 2000.

Best Cost Of Sales Template Cost of Goods Sold Sheet Template Cost of Goods Sold Statement Template Cost of Goods Sold Template Cost Of Sales Template Excel Cost Of Sales Template PDF Cost Of Sales Template Word Downloadable Cost Of Sales Template Free Cost Of Sales Template Printable Cost Of Sales Template It is an editable format and I can calculate cost of goods sold for a merchandiser and a manufacturer. I can prepare a manufacturing statement with cost of goods manufactured calculated. Click Chapter 1 Plan for a printable copy. 1.1 THE ROLE OF ACCOUNTING IN THE BASIC MANAGEMENT PROCESS Managerial accounting helps managers make good decisions. Managerial accounting provides

12/17/2018В В· A cost statement or cost sheet is a breakdown of all costs incurred, which is comprised of direct and indirect expenses. While the statement can be prepared to calculate the cost of any item from attending a university to a development project, it is most commonly used for goods. Answer to Cost of goods manufactured, cost of goods sold, and income statement Determine each of the following missing amounts: .

The Income Statement. The cost of goods sold number within the income statement is taken from the preceding schedules, and is found in the income statement below. All of the supporting schedules that were presented leading up to the income statement are ordinarily “internal use only” type documents. The details are rarely needed by external A cost of goods sold statement compiles the cost of goods sold for an accounting period in greater detail than is found on a typical income statement.The cost of goods sold statement is not considered to be one of the main elements of the financial statements, and so is rarely found in practice.If presented at all, it appears in the disclosures that accompany the financial statements.

The traditional income statement is the format of reporting financial result about the company. This statement also involves all the cost allocations. In general, this statement follows the absorption costing to give the respective income statement. Before going to complete this statement everyone needs to understand period cost and products. 42 Cost of goods sold. Subtract line 41 from line 40. Enter the result here and on line 4 . . . . . . 42 Part IV Information on Your Vehicle. Complete this part only if you are claiming car or truck expenses on line 9 and are not required to file Form 4562 for this business. …

Cost of Goods Sold Statement - Free download as Word Doc (.doc), PDF File (.pdf), Text File (.txt) or read online for free. Scribd is the world's largest social reading and publishing site. Income Statement and Cost Of Goods Sold Format in Excel. Uploaded by. Khawaja Naveed Haider. CGS - Cost of … Answer to Cost of goods manufactured, cost of goods sold, and income statement Determine each of the following missing amounts: .

7/9/2014 · The cost of goods manufactured statement displays the cost of products manufactured in a period by breaking down the costs into direct materials, … Cost of Goods Sold Format is collection of sheet of WORD, PDF and EXCEL format. Cost of goods sold is important statement use in business organization.

9/13/2015В В· Cost of goods sold represents the product costs of units sold during a particular period. It is the amount that is reported on the income statement as a subtraction from net sales revenue for the period to arrive at the gross profit for the period. Best Cost Of Sales Template Cost of Goods Sold Sheet Template Cost of Goods Sold Statement Template Cost of Goods Sold Template Cost Of Sales Template Excel Cost Of Sales Template PDF Cost Of Sales Template Word Downloadable Cost Of Sales Template Free Cost Of Sales Template Printable Cost Of Sales Template It is an editable format and

Cost of Goods Sold Format is collection of sheet of WORD, PDF and EXCEL format. Cost of goods sold is important statement use in business organization. The Income Statement. The cost of goods sold number within the income statement is taken from the preceding schedules, and is found in the income statement below. All of the supporting schedules that were presented leading up to the income statement are ordinarily “internal use only” type documents. The details are rarely needed by external

cost of goods sold for certain entities. Who Must File. Filers of Form 1120, 1120-C, 1120-F, 1120S, or 1065, must complete and attach Form 1125-A if the applicable entity reports a deduction for cost of goods sold. Inventories . Generally, inventories are required at the beginning and end of each tax year if the production, purchase, or sale of Income Statement Format 1. Sales or Revenue Section.Presents sales, discounts, allowances, returns, and other related information. Its purpose is to arrive at the net amount of sales revenue. 2. Cost of Goods Sold Section.Shows the cost of goods sold to produce the sales. Gross Profit.Revenue less cost of goods sold. 3. Selling Expenses.

The traditional income statement is the format of reporting financial result about the company. This statement also involves all the cost allocations. In general, this statement follows the absorption costing to give the respective income statement. Before going to complete this statement everyone needs to understand period cost and products. 5/21/2012 · Accounting instructions on how to prepare a cost of goods manufactured statement and an income statement. Inventory and Cost of Goods Sold - Part 1 of 2 …

Download Cost Sheet With COGS Excel Template

Cost of goods sold statement format pdf

Form 1125-A Cost of Goods Sold. 8/14/2018 · The cost of goods sold (COGS), also referred to as the cost of sales or cost of services, is how much it costs to produce your products or services. COGS include direct material and direct labor expenses that go into the production of each good or service that is sold., The Income Statement. The cost of goods sold number within the income statement is taken from the preceding schedules, and is found in the income statement below. All of the supporting schedules that were presented leading up to the income statement are ordinarily “internal use only” type documents. The details are rarely needed by external.

Cost of goods sold statement format pdf

What is cost statement Answers

Cost of goods sold statement format pdf

Income Statement Template 23+ Free Word Excel PDF. Cost of goods sold (123,000) Depreciation expense (15,000) Insurance expense (11,000) Wage Expense (50,000) Net Income 1,000 During 2000 declared and paid dividends of $2,500 During 2000, ABC paid $46,000 in cash to acquire new fixed assets. The accounts payable was used only for inventory. No debt was retired during 2000. https://en.wikipedia.org/wiki/Profit_and_loss The traditional income statement is the format of reporting financial result about the company. This statement also involves all the cost allocations. In general, this statement follows the absorption costing to give the respective income statement. Before going to complete this statement everyone needs to understand period cost and products..

Cost of goods sold statement format pdf


42 Cost of goods sold. Subtract line 41 from line 40. Enter the result here and on line 4 . . . . . . 42 Part IV Information on Your Vehicle. Complete this part only if you are claiming car or truck expenses on line 9 and are not required to file Form 4562 for this business. … Basic Cost Concepts Elementary Cost Accounting 108 Labour Labour is the main factor of production. For conversion of raw material into finished goods, human resource is needed, and such human resource is termed as labour. Labour cost is the main element of cost in a product or service. Labour can be classified into two categories: Direct Labour

Basic Cost Concepts Elementary Cost Accounting 108 Labour Labour is the main factor of production. For conversion of raw material into finished goods, human resource is needed, and such human resource is termed as labour. Labour cost is the main element of cost in a product or service. Labour can be classified into two categories: Direct Labour Cost of Goods Sold Statement - Free download as Word Doc (.doc), PDF File (.pdf), Text File (.txt) or read online for free. Scribd is the world's largest social reading and publishing site. Income Statement and Cost Of Goods Sold Format in Excel. Uploaded by. Khawaja Naveed Haider. CGS - Cost of …

Basic Cost Concepts Elementary Cost Accounting 108 Labour Labour is the main factor of production. For conversion of raw material into finished goods, human resource is needed, and such human resource is termed as labour. Labour cost is the main element of cost in a product or service. Labour can be classified into two categories: Direct Labour Cost of Goods Available for Sale represents the physical cost of inventory on your books that is waiting to be sold, while Cost of Goods Sold represents the income statement expense for inventory

9/13/2015 · Cost of goods sold represents the product costs of units sold during a particular period. It is the amount that is reported on the income statement as a subtraction from net sales revenue for the period to arrive at the gross profit for the period. SAMPLE PROFIT & LOSS STATEMENT OF HOTEL BUSINESS NOTES Each component of financial statement is to be valued at VEP amount. 1. Cost of Goods Sold – goods available for sale minus closing stock. 11. Gross Profit – Total sales minus cost of goods sold. 12.

Budgeted Income Statement Definition. The budgeted income statement contains all of the line items found in a normal income statement, except that it is a projection of what the income statement will look like during future budget periods. It is compiled from a number of other budgets, the accuracy of which may vary based on the realism of the inputs to the budget model. Financial Statements for Manufacturing Businesses Cost of goods sold Prepaid insurance Income statement 3. Cost of goods manufactured statement 4. Statement of cash flow. Management Accounting 33 Financial statements are based on well defined accounting concepts and

The multi-step income statement shows important relationships that help in analyzing how well the company is performing. For example, by deducting cost of goods sold from operating revenues, you can determine by what amount sales revenues exceed the cost of items being sold. Income Statement Format 1. Sales or Revenue Section.Presents sales, discounts, allowances, returns, and other related information. Its purpose is to arrive at the net amount of sales revenue. 2. Cost of Goods Sold Section.Shows the cost of goods sold to produce the sales. Gross Profit.Revenue less cost of goods sold. 3. Selling Expenses.

Budgeted Income Statement Definition. The budgeted income statement contains all of the line items found in a normal income statement, except that it is a projection of what the income statement will look like during future budget periods. It is compiled from a number of other budgets, the accuracy of which may vary based on the realism of the inputs to the budget model. Cost of Goods Available for Sale represents the physical cost of inventory on your books that is waiting to be sold, while Cost of Goods Sold represents the income statement expense for inventory

4/20/2009В В· Chan Corporation Income Statement for the Year Ended December 31, 2004 (in millions) Revenues $350 Cost of goods sold: Beginning finished goods, Jan. 1, 2004 $ 40 Cost of goods manufactured (below) 204 Cost of goods available for sale 244 Ending finished goods, Dec. 31, 2004 12 232 Gross margin 118 Marketing, distribution, and customer-service 4/20/2009В В· Chan Corporation Income Statement for the Year Ended December 31, 2004 (in millions) Revenues $350 Cost of goods sold: Beginning finished goods, Jan. 1, 2004 $ 40 Cost of goods manufactured (below) 204 Cost of goods available for sale 244 Ending finished goods, Dec. 31, 2004 12 232 Gross margin 118 Marketing, distribution, and customer-service

12/17/2018 · A cost statement or cost sheet is a breakdown of all costs incurred, which is comprised of direct and indirect expenses. While the statement can be prepared to calculate the cost of any item from attending a university to a development project, it is most commonly used for goods. Statement may include some non-cash expenses such as depreciation or amortization. Net Income – The ultimate goal of any business is to produce a positive net income or profit over the long haul. Income Statement Sample % Revenue (Sales) 100% - Cost of Goods Sold 75% = Gross Margin 25% - …

Financial Statements for Manufacturing Businesses Cost of goods sold Prepaid insurance Income statement 3. Cost of goods manufactured statement 4. Statement of cash flow. Management Accounting 33 Financial statements are based on well defined accounting concepts and 9/13/2015В В· Cost of goods sold represents the product costs of units sold during a particular period. It is the amount that is reported on the income statement as a subtraction from net sales revenue for the period to arrive at the gross profit for the period.

11/7/2019В В· Cost of goods sold is a calculation of all the costs involved in selling a product. Calculating cost of goods sold for products you manufacture or sell can be complicated, depending on the number of products and the complexity of the manufacturing process. 4/20/2009В В· Chan Corporation Income Statement for the Year Ended December 31, 2004 (in millions) Revenues $350 Cost of goods sold: Beginning finished goods, Jan. 1, 2004 $ 40 Cost of goods manufactured (below) 204 Cost of goods available for sale 244 Ending finished goods, Dec. 31, 2004 12 232 Gross margin 118 Marketing, distribution, and customer-service

The Income Statement. The cost of goods sold number within the income statement is taken from the preceding schedules, and is found in the income statement below. All of the supporting schedules that were presented leading up to the income statement are ordinarily “internal use only” type documents. The details are rarely needed by external The multi-step income statement shows important relationships that help in analyzing how well the company is performing. For example, by deducting cost of goods sold from operating revenues, you can determine by what amount sales revenues exceed the cost of items being sold.

Cost of Goods Sold Statement - Free download as Word Doc (.doc), PDF File (.pdf), Text File (.txt) or read online for free. Scribd is the world's largest social reading and publishing site. Income Statement and Cost Of Goods Sold Format in Excel. Uploaded by. Khawaja Naveed Haider. CGS - Cost of … 4/20/2009 · Chan Corporation Income Statement for the Year Ended December 31, 2004 (in millions) Revenues $350 Cost of goods sold: Beginning finished goods, Jan. 1, 2004 $ 40 Cost of goods manufactured (below) 204 Cost of goods available for sale 244 Ending finished goods, Dec. 31, 2004 12 232 Gross margin 118 Marketing, distribution, and customer-service