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1. [Company Name]
Inventory/Cost of Goods Sold Analysis
[Date]
Dark gray cells will be calculated for you. You do not need to enter anything into them.
[Product A] [Product B]
Inventory unit analysis:
Number of units in inventory—beginning of period 1,200 1,000
Production 700 800
Units available for sale 1,900 1,800
Units sold 800 600
Number of units in inventory—end of period 1,100 1,200
Cost of goods sold analysis:
Beginning inventory $800,000 $750,000
Add: purchases 400,000 400,000
Cost of goods available for sale 1,200,000 1,150,000
Less: ending inventory 770,000 900,000
Total cost of goods sold $430,000 $250,000
Inventory costing:
Cost per unit—beginning of period $666.67 $750.00
Cost per unit—end of period $700.00 $750.00
Variance $(33.33) $0.00
Weighted average cost (Cost of goods available for
sale/Units available for sale) $631.58 $638.89
Ending inventory breakdown:
Value of ending inventory (from above) $770,000 $900,000
Finished goods inventory $400,000 $375,000
Work in progress 300,000 325,000
Raw materials 70,000 200,000
Total ending inventory $770,000 $900,000

2. [Product C] [Product D] Total
1,200 1,300 4,700
600 600 2,700
1,800 1,900 7,400
500 750 2,650
1,300 1,150 4,750
$900,000 $1,200,000 $3,650,000
450,000 600,000 1,850,000
1,350,000 1,800,000 5,500,000
925,000 1,000,000 3,595,000
$425,000 $800,000 $1,905,000
$750.00 $923.08 $776.60
$711.54 $869.57 $756.84
$38.46 $53.51 $19.75
$750.00 $947.37 $743.24
$925,000 $1,000,000 $3,595,000
$450,000 $600,000 $1,825,000
350,000 300,000 1,275,000
125,000 100,000 495,000
$925,000 $1,000,000 $3,595,000