Format Direct material Beg RM ADD purchases RM available for production = Less Ending RM DM used Direct Labour Manufacturing overhead Indirect labour Indirect Materials Depreciation [building] Depreciation [equipment] Total Manufacturing cost added= Beginning WIP Total manufacturing cost Less ending WIP COGM Beginning Inventory ADD COGM Cost of goods available for sale Less ending inventory COGS York Company Income statement Date Sales = Less sales return = Less Sales discount = Net Sales = COGS = Gross Profit = Less Period cost Net Income