Description Amount Opening Stock - Raw Material - Add: Purchase - Raw Material - Add: Other Purchase Expenses - Raw Material - Add: Raw Material Utilised - Add: Direct Labour/Wages - Add: Other Direct Expenses - Less: Closing Stock - Raw Material - PRIME COST (A) - Add:- Over Heads Expenses Factory Rent - Factory - Electricity Charges - Indirect Material Expenses - Other Indirect Wages - Salaries of Production Heads/Supervisors - Other Salaries - Insurance - Factory - Depreciation - Factory - WORKS COST INCURRED - Add: Opening Stock - Work in Progress - Less: Closing Stock - Work in Progress - WORKS COST (A+B) - Add:-Administration Over Heads: Office Rent - Asset Depreciation - General Charges - Audit Fees - Bank Charges - Other Office Expenses - COST OF PRODUCTION (B+C) - Add: Opening Stock - Finished Goods - Less: Closing Stock - Finished Goods - COST OF GOODS SOLD (C+D) - Add:- Selling and Distribution Overhead Expenses:- Commisions - Salary - Sales - Travelling Exps - Advertisement - Delivery Expenses - Sales Tax @ 5 % - Bad Debts - COST OF SALES (D+E) - ADD: PROFIT - SALES -