Cost Sheet Format/Entries

ABC Inc
Cost Sheet

Particulars		Taka	Taka
Direct Material:
Opening raw material		xxx
(+) Raw material purchased	xxx
(+) Carriage inward	xxx
	xxx
(-) Return	xxx
	xxx
(-) Discount	xxx
Cost of purchase		xxx
Cost of raw material available for use		xxx
Less: Ending raw material		xxx
			xxx
(+) Direct labor			xxx
(+) Other direct expense			xxx
Prime Cost			XXX
Manufacturing/ Production Factory/ Work Overhead
Indirect material		xxx
Indirect labor		xxx
Factory fuel and power		xxx
Coal, Gas and Water		xxx
Factory manager's salary		xxx
Factory worker's salary		xxx
Drawing office salary		xxx
Factory rent and tax		xxx
Factory lighting and fitting		xxx
Factory overhead		xxx
Factory repair		xxx
Worker's welfare expenses		xxx
Insurance premium for factory		xxx
Depreciation for Plant, Machinery and Tools		xxx
Wages paid to men on maintenance work		xxx
Consumable stores		xxx
Cost of idle time in factory		xxx
Electricity		xxx
Sundry factory expenses		xxx
Depreciation of equipment		xxx
Non-productive wages		xxx
Other factory expenses		xxx
		xxx
Less: Sale of scrap		xxx
			XXX
Total manufacturing cost/ factory cost/ work cost			XXX
Office and Administrative Cost:
Lighting of office		xxx
Office salaries		xxx
Directors remuneration		xxx
Rent rates and insurance of office		xxx
Printing and stationary		xxx
Trade magazines		xxx
Bank charges		xxx
Auditor's fees		xxx
General expenses		xxx
Depreciation of office building		xxx
Depreciation of staff cars		xxx
Insurance of staff cars		xxx
Other office and administrative expense		xxx
			XXX
Cost of Production			XXX
Selling Expenses
Agent's commission		xxx
Travelling expense		xxx
Bad debts		xxx
Salesman Salaries		xxx
Carriage outwards		xxx
Depreciation of delivery vans		xxx
Commissions to salesman		xxx
Lighting of showroom		xxx
Traveler’s salaries		xxx
Advertisement		xxx
Delivery expense		xxx
Sales promotion		xxx
Carriage of goods sold		xxx
			XXX
Total Cost			XXX
** If there is mentioned work in process (WIP) in the question:
Factory cost			XXX
Add: Opening work in process inventory			XXX
			XXX
Less: Ending work in process inventory			XXX
Cost of Goods Manufactured			XXX
** If there is finished goods inventory mentioned in the question:
Cost of production			XXX
Add: Opening finished goods inventory			XXX
Cost of goods available for sale			XXX
Less: Ending finished goods inventory			XXX
Cost of Goods Sold			XXX

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Editor: Sumi Akther