Cost of Goods Sold       Beginning Inventory       Add:                 Purchases       Freight-in       Direct Labor       Indirect Expenses       Inventory Available       Less: Ending Inventory          Cost of Goods Sold                  Gross Profit (Loss)                     Sales Budget  Actual  Sales $   604,461.00 $   97,400.00 Less Cost of Sales $       91,421.57 $   14,731.24 Net Sales $   513,039.43 $   82,668.76       Operating Expenses     Accounting $       53,040.00 $       8,840.00 Advertising $       15,000.00 $       2,400.00 Wages $   128,000.00 $   21,500.00 Vehicle Expense $         3,600.00 $         700.00 Bank Charges $         2,400.00 $         400.00 Printing $         4,800.00 $         600.00 Insurance $       15,600.00 $       2,600.00 Interest Expense $         3,600.00 $         625.00 Taxes $       12,000.00 $       2,250.00 Rent $       28,800.00 $       4,900.00 Telephone $         4,800.00 $         800.00 Utilities $       12,000.00 $       2,450.00 Deprecation Expense $         6,000.00 $       1,000.00 Office Expense $         3,000.00 $         450.00 Other Expense $         1,200.00 $         270.00 Total Expenses $   293,840.00 $   49,785.00 Net Profit $   219,199.43 $   32,883.76       Cash Flow Analysis     Net Profit (Loss)  $   219,199.43 $   32,883.76 Depreciation Expense $         6,000.00 $       1,000.00 Cash from Operations $   225,199.43 $   33,883.76 Plus Initial Cash $       24,000.00 $   23,524.86 Less Principal Payment* $       96,000.00 $   16,000.00 Cash After Princ. Payment $   153,199.43 $   41,408.62 Plus Loan Advance**   $                 -   Less Loan Payment*** $       60,000.00 $   10,000.00 Plus Misc. Cash Inflow****   $                 -   Minus Misc. Cash Outflow $       60,000.00 $       8,000.00 Ending Cash Flow $       33,199.43 $   23,408.62

Question
Cost of Goods Sold      
Beginning Inventory      
Add:                 Purchases      
Freight-in      
Direct Labor      
Indirect Expenses      
Inventory Available      
Less: Ending Inventory      
   Cost of Goods Sold      
       
   Gross Profit (Loss)      
       

 

 

 

Sales Budget  Actual 
Sales $   604,461.00 $   97,400.00
Less Cost of Sales $       91,421.57 $   14,731.24
Net Sales $   513,039.43 $   82,668.76
     
Operating Expenses    
Accounting $       53,040.00 $       8,840.00
Advertising $       15,000.00 $       2,400.00
Wages $   128,000.00 $   21,500.00
Vehicle Expense $         3,600.00 $         700.00
Bank Charges $         2,400.00 $         400.00
Printing $         4,800.00 $         600.00
Insurance $       15,600.00 $       2,600.00
Interest Expense $         3,600.00 $         625.00
Taxes $       12,000.00 $       2,250.00
Rent $       28,800.00 $       4,900.00
Telephone $         4,800.00 $         800.00
Utilities $       12,000.00 $       2,450.00
Deprecation Expense $         6,000.00 $       1,000.00
Office Expense $         3,000.00 $         450.00
Other Expense $         1,200.00 $         270.00
Total Expenses $   293,840.00 $   49,785.00
Net Profit $   219,199.43 $   32,883.76
     
Cash Flow Analysis    
Net Profit (Loss)  $   219,199.43 $   32,883.76
Depreciation Expense $         6,000.00 $       1,000.00
Cash from Operations $   225,199.43 $   33,883.76
Plus Initial Cash $       24,000.00 $   23,524.86
Less Principal Payment* $       96,000.00 $   16,000.00
Cash After Princ. Payment $   153,199.43 $   41,408.62
Plus Loan Advance**   $                 -  
Less Loan Payment*** $       60,000.00 $   10,000.00
Plus Misc. Cash Inflow****   $                 -  
Minus Misc. Cash Outflow $       60,000.00 $       8,000.00
Ending Cash Flow $       33,199.43 $   23,408.62

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