Na Balance Na!

2018 2019 2020 2021
Desired Production 1866 1992 1992 3000

Inefficiency 37 40 40 60
Actual capacity 1829 1952 1952 2940
Beginning inv 0 260 305 4
Total 1829 2212 2257 2944
Sold/Demand 1569 1907 2254 2609
End Inv 260 305 4 335
Cost Per Piece 1020.20 967.57 976 769 772

0.60 0.65 0.70 200% 200%
1632 1596 1659 1538 1544
2018 2019 2020 2021 2022

Sales 2,560,993 3,044,501 3,738,778 4,011,225 4,590,628
Sales Discount 25,610 30,445 37,388 40,112 45,906
Net Sales 2,535,383 3,014,056 3,701,390 3,971,113 4,544,721
Output Vat 271,648 322,935 396,577 425,476 486,934
Sales (Net of VAT) 2,263,735 2,691,122 3,304,812 3,545,636 4,057,787
Cost of Goods Sold 1,600,620 1,858,832 2,197,179 2,006,461 2,294,466
Gross Profit 663,114 832,290 1,107,634 1,539,175 1,763,321
Selling and Administrative 751,039 755,502 777,073 801,015 819,045
Operating Income (87,925) 76,788 330,561 738,160 944,276
Interest Income 6,468 8,379 8,374 8,323 8,850
Net Income (Loss) Before Tax (81,457) 85,166 338,936 746,483 953,126
Income Tax 25,550 101,681 223,945 285,938
Net Income (Loss) After Tax (81,457) 59,616 237,255 522,538 667,188
Interest Income
Investment Interest Rate 2017 Amount 2018
Cash in Bank 0.25% 100,000 250
Time Deposit 0.75% 400,000 3,000
Mutual Funds (Bonds) 1.61% 3,218
Total Interest Income 6,468
wala pang
interest
income kasi
kunwari dec
31 2017
nag invest
nung
temporary
investment
so sa 2018
ma accrue
ung interest
income.
Para mas
simple ung
computation
. Nakakalula
ung
numbers eh
hahahaha.
tas ung amounts echos ko lang yan pero ung time depo
ung bonds din 1 year lang
Err:509
2022
3012
60
2952
335
3287
2973
314
2018 2019 2020

Units Pesos Units Pesos Units Pesos
Sales 2,560,993 3,044,501 =
Sales Discount 25,610 30,445
Net Sales 2,535,383 3,014,056
Output Vat 271,648 322,935
Sales (Net of VAT) 2,263,735 2,691,122
Amount 2019 Amount 2020 Amount 2021 2022

564,344 1,411 990,877 2477 1,463,973 3660 2,189,995 5475
500,000 3,750 250,000 1,875 300,000 2250 450,000 3375
200,000 3218 250,000 4,022 150,000 2,413 300,000 4827
8379 8374 8323 8850
ang yan pero ung time deposit for 1 year lagi. Hanggang 1 year lang ung nakita ko na may interest eh
2021 2022
Units Pesos Units Pesos
Assets
Current Asset
Cash 343,993.00
Raw Materials Inventory 24,209.00
Finished Goods Inventory 265,444.00
Office Supplies Inventory 1,725.00
Temporary Investment 450,000.00
Total Current Asset 1,085,371.00
Non-Current Asset
Rent Deposit 92,000.00
Property, Plant and Equipment (net) 321,439.00
Furniture and Fixtures (net) 38,063.00
Leasehold Improvements (net) 16,875.00
Total Non-Current Asset 468,377.00

Total Assets 1,553,748.00
Liabilities and Partners' Capital

Liabilities
Current Liabilities
SSS and EC Premium Payable 6,660.00
PhilHealth Premium Payable 1,500.00
HDMF Premium Payable 1,200.00
Withholding Tax Payable 3,936.00
VAT Payable 7,631.00
Income Tax Payable
Salaries Payable 26,986.00
Utilities Payable 12,375.00
Total Current Liabilities 60,288.00
Partners' Capital
Agustin, Capital 350,000.00
Avestro Capital 350,000.00
Culannay, Capital 350,000.00
Dela Cruz, Capital 350,000.00
Sermona, Capital 350,000.00
Agustin, Drawings (51,308.00)
Avestro Drawings (53,809.00)
Culannay, Drawings (68,808.00)
Dela Cruz, Drawings (41,308.00)
Sermona, Drawings (41,307.00)
Income Summary
Total Partners' Capital 1,493,460.00
Total Liabilties and Partners' Capital 1,553,748.00
purchase of raw materialsinventory

rm used direct and indirect
finish goods ending calculation
cogm direct labor overhead
purchase of office supplies
use of office supplies
received temporary investment
temporary investment
interest income
PPE depreciation
firniture and fictures depreciation
leasehold improvements amortization
deferredntax credit and VAT payable
SSS and EC Premium Payable
PhilHealth Premium Payable
HDMF Premium Payable
Withholding Tax Payable
Income Tax Payable and expense
Salaries Payable and expense
Utilities Payable and expense
drawings
purch
insurance
Entries
Raw Materials Inventory (Direct)(incldues freight in) 896,622.00
Input VAT 106,878.00
Cash 1,003,500.00
Raw Materials Inventory (Indirect) 13153

Cash 13153
DirectRM USED COGM 872763

Raw Materials Inventory 872763
IndirectRM USED COGM 12803

cOGS 1600380
Finished Goods Inventory (COGS) 1,600,380
Cash 2535002
Sales Discount 25606
Output VAT 271607
Sales 2,289,001.00
Office Supplies Inventory 14422

Cash 16152
Input VAT 1730
Office Supplies Expense 12697

Cash 400,000
Temporary Investment 400,000
Temporary Investment 450000

Cash 450000
Depreciation Expense - production equipment 7066

Depreciation Expense - office equipment 9815
Depreciation Expense - delivery equipment(store) 60% 11250
Depreciation Expense - delivery equipment(production) 20% 3750
Depreciation Expense - delivery equipment(office) 20% 3750
Depreciation Expense - store equipment 4309
Accum. Depn - PPE 39940
Depreciation Expense - production F&F 1018

Depreciation Expense - office F&F 3188
Depreciation Expense - store F&F 321
Accum. Depn - F&F 4527
Depreciation Expense - STORE 1875

Accum. Depn - LHI 1875
Interest Income 7541

Cash 7541
Utilities Expense - store 41842

Input VAT 5021
Utilities Payable 46863
Utilities Payable - store 42958

Cash 42958
Utilities Expense - warehouse selling 7248
Input VAT 870
Utilities Payable - warehouse 7442

Cash 7442
Agustin, Drawings 15720

Avestro Drawings 15720
Culannay, Drawings 15720
Dela Cruz, Drawings 15720
Sermona, Drawings 15719
Income Summary -78599

Dela Cruz, Drawings
Sermona, Drawings
Cash 50,000.00
production tools 6585

Input VAT 790
Cash 7375
Rent Expense - store 168000

Cash 168000
Maintenance Cost 7500

Cash 7500
Sanitation Supplies Expense - selling 2511

Input VAT 301
Cash 2812
Transportation Cost 78624

Cash 78624
Store Tools Expense 3373

Input VAT 405
Cash 3778
Salaries Expense - selling 133120

Employee benefots - Employer 11660
SSS and EC Premium Payable 1110
PhilHealth Premium Payable 250
HDMF Premium Payable 200
Withholding Tax Payable 656
Salaries Payable 4497
Cash 138067
Salaries Expense - production 665,600

Employee benefits - Employer 58302
Cash 690333
Insurance Expense - store 500

Cash 500
Advertising Expense 53000

Cash 53000
Packaging Expense 19201

Input VAT 2304
Cash 21505
Freight Out 23904

Cash 23904
Rent Expense - warehouse 30000

Rent Expense - office 90000
Rent Expense - production(COGM) 180000
Cash 300000
Sanitation Supplies Expense - office 1563

Input VAT 188
Cash 1751
Utilities Expense - electricity office 21745

Utilities Expense - water office 1741
Utilities expense tele 13918
Input VAT 4488
Utilities Payable - office 38401
Cash 38401
Utilities Payable - pre op 5452

Cash 5452
Utilities Expense - electricity production 43490

Utilities Expense - water production 2612
Input VAT 5532
Utilities Payable - production 47331

Cash 47331
Insurance Expense - production 2500

Cash 2500
Sanitation Supplies - production COGM 1835

Input Vat 220
Cash 2055
VAT Payable 83941

Cash 83941
Raw Materials Inventory VAT PAYABLE
12803 51,308
896,622.00 872763 106,878.00
1730
13153 790
2304
24,209.00 885566 405
LHI 5021
18750 1875 870
301
188
4488
5532
16,875.00 220
1250
250
128,727
1500
Salaries Payable Agustin, Drawings
22489 25588
4497 15720
10000
26986
Sermona, Drawings Income Summary
25588 -78599
15719
-41307
890,646.00 997,523.52 106,877.52
477.18 -
13153
0
14731.36
872,762.98
12803
1,600,380
sales 2560608
sales discount 25606 25606.08
cash received 2535002
less vat 271607 271,607.40
net sales 2263395 2,263,394.64
2289001 -
2,535,002.00
1730 0
39940 0
4527
5021 VAT
3905 UP, end 0 15911
42957.75
870
8117.76 0
7441.5
-15719.80
-78599 78599 0
VAT
301 709
2812.32
405
3777.76
138067
1110
6660
1250 1500
1200
2624 3936
690,333
2304
21505.12
188
1750.56
24354.4 22324.87 22325

1949.92 1787.43 1787
15588.16 14289.15 14289
4488 38401.44 38401
41892
38401
48708.8 48709 44649.7333333333 44650

2925.44 2925 2681.6533333333 2681
5532 47331.3866666667 47331
51634
4302.83333333 47331.1666666667
4303
220.2
83,941.00
VAT PAYABLE Office Supplies Inventory
271607 0
14422 12697
1,725.00
F&F
42590 4527
38,063.00
1000
200
91,572
7,631 1200
Agustin, Drawings Avestro Drawings
25589
15720
12500
-51308 -53809
Income Summary
Temporary Investments PPE
400,000 400,000 361379 39940
450000
450,000.00 321,439.00
Utilities Payable SSS and EC Premium Payable
42958 5452 5550
5452 46863 1110
38401 8118
47331 41892
7442 51634
6660
3280
656
12375
148507
3936
Culannay, Drawings Dela Cruz, Drawings
25588 25588
15720 15720
27500
-68808 -41308
Operating Activities
Cash Received from Cutomers 2535002
Cash Paid to/for:
Direct Materials (Suppliers) (1,003,500.00) (1,016,653.00)
Office Supplies (suppliers) -16152
Production tools (Suppliers) -7375
indirect Materials (suppliers) -13153
Sanitation Supplies (Suppliers) -2055
Salaries and employee benefits - store -138067
Frieght Out -23904
Advertising -53000
Insurance - store -500
Store Tools -3778
Rent - store -168000
Sanitation Supplies - selling -2812
Sanitation Supplies - office -1751 -6618
Rent las pinas -300000
Transportation Cost -78624
Utilities - pre op -5452
Salaries - production -690333
utilities - office -38401
Insurance - production -2500
Utilities - Production -47331
Utilities - electricity store -42958
utilities - warehouse -7442
Income tax
Packaging -21505
VAT -83941
Maintenance -7500
Net Cash Inflow (Outflow) from Operating Activities (225,032)
Investing Activities
Cash received from:
Cash paid to/for:
Temporary Investment -450000
Net Cash Inflow (Outflow) from Investing Activities -42459
Financing Activities
Withdrawals by Partners -50000
Net Cash Inflow (Outflow) from Financing Activities -50000
Net Increase (Decrease) in Cash (317,491)

Add: Beginning Cash Balance 661,484
Ending Cash Balance 343,993
Sales 2,263,395.00
Cost of Goods Sold -1600380
Gross Profit 663,015.00
Selling and Administrative:
DEP Office equipement -9815
DEPN Office F&F -3188
DEPN DELIVERY EQUIPMENT office -3750
Sanitation Supplies Expense - office -1563
utilties expense - electricity office -21745
utilties expense - water office -1741
utilities expense - tele office -13918
Rent expense -90000
Advertisisng Expense -53000
Freight Out -23904
Insurance Expense -500
Store Tools Expense -3373
Salearies expense - store -133120
Employeebenefits - store -11660
DEPN store equipment -4309
DEPN LHI -1875
DEPN DELIVERY EQUIPMENT store -11250
DEPN F&F - Store -321
Utilities Expense - Store -41842
Rent Expense - store -168000
Rent Expense - warehouse -30000
Sanitation Supplies Expense - selling -2511
Office Supplies Expense -12697
Utilities Expense - warehouse selling -7248
Packaging Expense -19201 -749155
Operating Income (86,140.00)
Interest Income 7541 7540.768
Net Income (Loss) Before Tax -78599
Income Tax
Net Income (Loss) After Tax
Cost of goods Sold
Demand
Finished Goods Inventory, Beginning 0
Cost of Goods Manufactured 1865824
Total Goods Available for Sale 1865824
Finished Goods Inventory, Ending 265444
Cost of Goods Sold 1600380
Diret Materials Used 872763 477.1804265 v

Direct Labor 665,600 363.9147075 f
Factory Overhead:
DEPN EXPENSE delivery equipment 3750 f
DEPN EXPENSE F&F 1018 f
DEPN EXPENSE production equipment 7066 6.470202296 f
IndirectRM USED COGM 12803 7v
Utilities Expense - electricity production 43490 v
Utilities Expense - water production 2612 25.20612356 v
Employee benefits 58302 31.87643521 f
Production Tools 6585 3.600328048 v
Maintenance Cost 7500 4.100601422 f
Sanitation Expense 1835 1.003280481 f
insurance Expense 2500 1.366867141 f
Rent Expense 180000 98.41443412 327,461 f
Cost of Goods Manufactured 1865824 with markup
Cost per piece 1020 1020.133406 1652.40
Finished Goods Inventory
Total Goods Available for Sale 1865824
Cost of Goods Sold 1,600,380
1632 SP with VAT
Assets
Current Asset
Cash 379,275.00
Non-Current Asset
Deffered Tax Asset

Liabilities
Current Liabilities
Income Tax Payable 6,453.00
Partners' Capital
Income Summary 0.00

interest income
PPE depreciation
drawings
purch
insurance
Entries
Cash 984,052.00

Cash 13734
DirectRM USED COGM 876251.00

Raw Materials Inventory 876251.00

cOGS 1861387
Finished Goods Inventory (COGS) 1,861,387
Cash 3018800
Output VAT 323443
Sales 2,725,850.00

Input VAT 1017
Cash 9487

Cash 450,000

Cash 430000




Cash 5696

Input VAT 5202

Cash 44505
Input VAT 901

Cash 7709
Income Summary 60233


Cash 75,000.00
production tools COGM 1121

Input VAT 135
Cash 1256

Cash 168000
Maintenance Cost (COGM) 7770

Cash 7770

Input VAT 56
Cash 519

Cash 81454

Input VAT 0
Cash 0

Cash 143043

Cash 715220

Cash 40,282.00

Cash 500

Cash 54908

Input VAT 2548
Cash 23782
Freight Out 24765

Cash 24765

Cash 300000

Input VAT 61
Cash 570
Input VAT 4590

Cash 39270
Utilities Payable - last year 12,375.00

Cash 12,375.00
Utilities Expense - electricity production (COGM) 45056

Input VAT 5731

Cash 49035
Insurance Expense - production (COGM) 2500

Cash 2500

Input Vat 70
Cash 655

Cash 189,462.00
Income Tax Expense 25814

Income tax payable 25814
Income Tax Payable 19361

Cash 19361
24,209.00 -
879,281.00 876251 104,771.00
13664 1017
13734 135
2548
27,309.00 889915 70
LHI 5202
16,875.00 1875 901
56
61
4590
5731
15,000.00
1,500.00
1,500.00 1,250.00
250
125,082
1,500.00
26,986.00 (51,308.00)
26,986.00 23,233.00
4647 -25000
27,880.00
(41,307.00) 60233
-15000 9887
(46,420.00)
873,090.00 977,860.80 104,770.80
448.16
13734
0
15382.08
rm beg 50 477.18 23,859.00

rm current 1902 448.16 852,391.67
876,250.67
fg beg 260.00 265444

fg current 1647.00 1595943
end 305.00
sales 3049293
less vat 323443 323,442.84
net sales 2695357 2,695,357.14
2725850
3,018,800.00
5695.6625
5202
48550.88 VAT Utilities
16424
44505.0833333
8410.08
7709.16666667
9886.6
60233 0
1255.52
56 VAT
518.56 187
0
0
143043
835
6990
1250 1500 858263
1200
2888 4253
715,220
2548
23782.08
61
570.08
25231.36 2703.36 23128.7466666667
2020.48 216.48 75093 1852.1066666667
15588.16 1670.16 84104.16 14289.1466666667
42840.00 4590.00 77095.48 39270
13917.8571428571
39270
50462.72 5406.72 46257.4933333333

3030.72 53493.44 324.72 2778.16
5731 5731.44 49035.6533333333
4457.75 49035.25
70.2
189,461.92
25814.10
19360.575
7,631.00 1,725.00
323443 8470 8156
2,039.00
F&F
38,063.00 4527
33,536.00
1,200.00
1,200.00 1,000.00
200
198,361.00
16,530 1,200.00
(53,809.00)
9887 20687
-5000
(66,421.00) (38,122.00)
Income Summary FGI
265,444.00 1861387
60233 1891559
0 295,616.00
450,000 450,000 321,439.00 39940
430000
430,000.00 281,499.00
44505 12,375.00 6,660.00
12375 48551 6,660.00 5,825.00
39270 8410 1165
49035 42840
53493
7709 6,990.00
3,936.00
3,936.00 3,544.00
12,775.00 709
4,253.00
(68,808.00) (41,308.00)
9886 9886
-22500 -7500
(81,422.00) (38,922.00)
Income Tax Payable
25814
19361
6453
Cash Paid to/for:
Direct Materials (Suppliers) (984,052.00) (997,786.00)
Office Supplies (suppliers) -9487
Salaries and employee benefits - store -143043
Frieght Out -24765
Advertising -54908
utilties - warehouse -7709 -152894
Rent - store -168000 -1744
Sanitation Supplies - office -570
Utilities - last year -12375
Utilities - production -49035
Salaries and employee benefits - last year (40,282.00)
Income tax -19361
Packaging -23782
VAT -189462
Maintenance -7770
Net Cash Inflow (Outflow) from Operating Activities 84,586
Cash received from:
Cash paid to/for:
Net Cash Inflow (Outflow) from Investing Activities 25696
Net Increase (Decrease) in Cash 35,282

#VALUE! (152,894.00)
Sales 2,695,357.00
Gross Profit 833,970.00
DEP Office equipement -9815
DEPN Office F&F -3188
DEPN DELIVERY EQUIPMENT office -3750
Sanitation Supplies Expense - office -509
utilties expense - electricity office -22528
utilties expense - water office -1804
utilities expense - tele office -13918
Rent expense - office -90000
Advertisisng Expense -54908
Freight Out -24765
Insurance Expense - store -500
Salearies expense - store -137912
Employeebenefits - store -12102
DEPN store equipment -4309
DEPN LHI -1875
DEPN DELIVERY EQUIPMENT store -11250
DEPN F&F - Store -321
Utilities Expense - Store -43349
Rent Expense - store -168000
Rent Expense - warehouse -30000
Sanitation Supplies Expense - selling -463
Office Supplies expense -8156
Utilities Expense - warehouse selling -7509
Packaging Expense -21234 -753619
Operating Income 80,351.00
Interest Income 5696.00 7540.768
Net Income (Loss) Before Tax 86047.00
Income Tax 25814.00
Net Income (Loss) After Tax 60233.00
Cost of goods Sold
Demand
Finished Goods Inventory, Beginning 265444.00
Cost of Goods Manufactured 1891559.00
Total Goods Available for Sale 2157003.00
Finished Goods Inventory, Ending 295616.00
Cost of Goods Sold 1861387.00
Diret Materials Used 876251.00 448.8990779 v

Direct Labor 689562.00 353.2592213 f
Factory Overhead:
DEPN EXPENSE delivery equipment 3750.00 f
DEPN EXPENSE F&F 1018.00 f
DEPN EXPENSE production equipment 7066.00 6.0625 f
IndirectRM USED COGM 13664.00 7v
Utilities Expense - electricity production 45056.00 v
Utilities Expense - water production 2706.00 24.4682377 v
Employee benefits 60510.00 30.99897541 f
Production Tools 1121.00 0.574282787 v
Maintenance Cost 7770.00 3.980532787 f
Sanitation Expense 585.00 0.299692623 f
insurance Expense 2500.00 1.280737705 f
Rent Expense 180000.00 92.21311475 f
Cost of Goods Manufactured 1891559.00 with markup
Cost per piece 969.00 969.036373 1598.91
1599 SP with VAT
Assets
Current Asset
Cash 789,851.00
Total Current Asset
Non-Current Asset
Deffered Tax Asset
Total Non-Current Asset
Total Assets

Liabilities
Current Liabilities
Total Current Liabilities
Partners' Capital
Income Summary 0.00
Total Partners' Capital
Total Liabilties and Partners' Capital

cogm direct labor
interest income
PPE depreciation
drawings
purch
insurance
Entries
Cash

Cash
DirectRM USED COGM 867,456.00

Raw Materials Inventory

cOGS 2,209,534.00
Finished Goods Inventory (COGS)
Cash 3724307.00
Sales Discount 37619.00
Output VAT
Sales

Input VAT 1055
Cash

Office Supplies Inventory
Cash 430,000
Temporary Investment

Cash

Accum. Depn - PPE

Accum. Depn - F&F

Accum. Depn - LHI

Cash

Input VAT 5400
Utilities Payable

Cash
Input VAT 935
Utilities Payable

Cash
Income Summary 242007.00

Agustin, Drawings
Avestro Drawings
Culannay, Drawings
Dela Cruz, Drawings
Sermona, Drawings

Cash

Input VAT 140
Cash

Cash

Cash

Input VAT 58
Cash

Cash

Input VAT
Cash

Salaries Payable
Cash

Salaries Payable
Cash

Cash

Cash

Cash

Input VAT 2948
Cash
Freight Out 25706

Cash

Cash

Input VAT 63
Cash
Input VAT 4701
Utilities Payable

Cash

Cash

Input VAT 5949
Utilities Payable

Cash

Cash

Input VAT 73
Cash

Cash

Income tax payable

Cash
27,309.00
x 871,668.00 867456
13664
13734
31,591.00
1,285,614.00 LHI
15,000.00 1875
13,125.00
375,693.00 PhilHealth Premium Payable
1,661,307.00 1,500.00
1,500.00 1,375.00
275
1,650.00
Salaries Payable
27,880.00
27,880.00 23,979.00
4796
###
28,775.00
105,607.00 Sermona, Drawings
(46,420.00)
-16500 46241
(16,679.00)
1,555,700.00
1,661,307.00
overhead
865,242.00 969,071.04 103,829.04

975,497.00 444.28
13734
13734 0
15382.08
60
rm beg 60
867,456.00 rm current 1892
end 70
13664
fg beg 305.00
2,209,534.00 fg current 1949.00
end 3.00
sales 3761926.00
sales discount 37619.00 37619.26
399033.00 cash received 3724307.00
3,362,893.00 less vat 399033.00 399,032.88
net sales 3325274.00 3,325,274.11
3362893
3,724,307.00
9847
8665
430,000
460000
39940
4527
1875
5178.55
5179
5400
50396 50395.52 0
46196.3333333333 4200
46196 50101.3333333333
8729 8729.28 0
8001.5833333333
8002
46241
57041 46241.4
46242
46242
46241 242007 0.00
165,000.00
1304 1303.68
169680
8065
VAT
58 194
538 537.6
84550
0 0
0 0
1220
275
200
783
4796
148578 148578
560
6100 7320
1375 1250 1650
1000 1200
3917 3261 4700
23979
742886 742,886
41,823.00
500
56995
2948
27514 27513.92 0
25706
303000
63
591 591.36
26190.08 2806.08
2097.76 224.76
15588.16 1670.16
43876.00 4701.00
43876 13917.8571428571
40219.6666666667
40220
12,775.00
52380.16 5612.16
3146.08 55526.24 337.08
55526.24 5949.24
55526
50898.8333333333
50899
2500
72.84
680
267,588.50
267,589.00
103717.20
103717
84,240.90
84241
- 16,530.00 2,039.00
103,829.00 399033 8792
1055
140
2948
881120 73 2,166.00
5400 F&F
935 33,536.00
58
63
4701
5949
29,009.00
267589 HDMF Premium Payable
1,200.00
125,151 273,882.00
22,823
(66,421.00) (38,122.00)
46241
-49500 -55000
(69,680.00)
Income Summary FGI
242007 295,616.00
242007 1915924
0
448.16 26889
444.28 840,568.73
867,457.73
295,616.00
1,913,918.00
VAT utilties elec
16985 4200
891464
6990
1500
1200
4253
27880
41823
80024.72
24007.5733333333
1163.99 1922.9466666667
14289.1466666667
40219.6666666667
0
4806.8533333333
436.99
7274.52
12775
12775
48015.1466666667
2883.9066666667
50899.0533333333
Office Supplies Inventory Temporary Investments PPE
430,000 430,000 281,499.00
8665 460000
460,000.00 241,559.00
F&F Utilities Payable SSS and EC Premium Payable
4527 46196 12,775.00
12775 50396 6,990.00
40220 8729
50899 43876
8002 55526
HDMF Premium Payable Withholding Tax Payable

1,200.00
1,000.00 4,253.00
200 13,210.00
1,200.00
Avestro Drawings Culannay, Drawings Dela Cruz, Drawings
(81,422.00) (38,922.00)
57041 46242
-11000 -33000
(36,081.00) (46,180.00)
FGI Income Tax Payable
2209534 6,453.00
84241 103717
2,006.00 25,929.00
PPE Operating Activities
39940 Cash Received from Cutomers
Cash Paid to/for:
Direct Materials (Suppliers)
Office Supplies (suppliers)
Production tools (Suppliers)
indirect Materials (suppliers)
S and EC Premium Payable Sanitation Supplies (Suppliers)
6,990.00 Salaries and employee benefits - store
6,100.00 Frieght Out
1220 Advertising
Insurance - store
Utilities - Warehouse
7,320.00 Rent - store
Withholding Tax Payable Sanitation Supplies - selling
4,253.00 Sanitation Supplies - office
3,917.00 Rent las pinas
783 Transportation Cost
Utilities - last year
Salaries - production
4,700.00 utilities - office
Dela Cruz, Drawings Insurance - production
Utilities - production
46242 Utilities - electricity store
Salaries and employee benefits - last year
Income tax
Packaging
(25,680.00) VAT
Maintenance
Net Cash Inflow (Outflow) from Operating Activities
Cash received from:
Interest Income
Cash paid to/for:
Net Cash Inflow (Outflow) from Investing Activities
Withdrawals by Partners
Net Cash Inflow (Outflow) from Financing Activities
Net Increase (Decrease) in Cash

Add: Beginning Cash Balance
Ending Cash Balance
Sales 3,325,274.00
3724307 Cost of Goods Sold -2209534
Gross Profit 1,115,740.00
(975,497.00) (989,231.00) Selling and Administrative:
-9847 (1,015,925.00) DEP Office equipement -9815
-1304 -1809 DEPN Office F&F -3188
-13734 DEPN DELIVERY EQUIPMENT office -3750
-680 Transportation Cost -84550
-148578 Sanitation Supplies Expense - office -528
-25706 utilties expense - electricity office -23384
-56995 utilties expense - water office -1873
-500 utilities expense - tele office -13918
-8002 -158092 Rent expense - office -90900
-169680 Advertisisng Expense -56995
-538 Freight Out -25706
-591 -1809 Insurance Expense - store -500
-303000 utilities - warehouse
-84550 -110256 Salearies expense - store -143158
-12775 Employeebenefits - store -12694
-742886 (933,287.00) DEPN store equipment -4309
-40220 DEPN LHI -1875
-2500 DEPN DELIVERY EQUIPMENT store -11250
-50899 DEPN F&F - Store -321
-46196 Utilities Expense - Store -44996
(41,823.00) Rent Expense - store -169680
-84241 Rent Expense - warehouse -30300
-27514 Sanitation Supplies Expense - selling -480
-267589 Office Supplies expense -8665
-8065 Utilities Expense - warehouse selling -7794
600,397 Packaging Expense -24566 -775195
Operating Income 340,545.00
5179 Net Income (Loss) Before Tax 345724.00
430,000 Income Tax 103717.00
-460000
-24821
-165000
-165000
410,576
379,275
789,851
(158,092.00)
Cost of goods Sold
Demand

Direct Labor 715789.00 366.69518 f
Factory Overhead:
Rent Expense 181800.00 93.135246 332679.00 f
Cost per piece 982.00 981.51844 1668.58
1669 SP with VAT
Assets
Current Asset
Cash 988,480.00
Non-Current Asset
Deffered Tax Asset

Liabilities
Current Liabilities
Partners' Capital
Agustin, Drawings 33,230.00
Avestro Drawings 38,429.00
Culannay, Drawings 11,930.00
Dela Cruz, Drawings 71,630.00
Sermona, Drawings 63,832.00
Income Summary

interest income
PPE depreciation
drawings
purch
insurance
Entries
Raw Materials Inventory (Direct)(incldues freight in) 1,293,648.00
Cash 1,448,084.00

Cash 20615
DirectRM USED COGM 1,291,804.00

Raw Materials Inventory 1,291,804.00

cOGS 2,112,866.00
Finished Goods Inventory (COGS) 2,112,866.00
Cash 4184314
Output VAT 448319
Sales 3,778,261.00

Input VAT 1097
Cash 10241

Cash 460,000

Cash 490000




Cash 6505

Input VAT 5616

Cash 48044
Input VAT 973

Cash 8322


Cash 168,000.00

Input VAT 145
Cash 1355

Cash 169680

Cash 8388

Input VAT 60
Cash 559

Cash 87932

Input VAT 0
Cash 0

Cash 154435

Employee benefits - Employer 65,682.00
Cash 772,180.00

Cash 43,645.00

Cash 500

Cash 59274

Input VAT 3853
Cash 35958
Freight Out 26734

Cash 26734

Cash 303000

Input VAT 66
Cash 615
Input VAT 4822

Cash 41256

Cash 13,210.00

Input VAT 6187

Cash 52935

Cash 2500

Input Vat 76
Cash 707

Cash 271,229.00
Income Tax Expense 249,150.00

Income tax payable 249,150.00

Cash 212792
31,591.00 -
1,293,648.00 1,291,804.00 154,436.00
20580 1097
20615 145
3853
33,470.00 1312384 76
LHI 5616
13,125.00 1875 973
60
66
4822
6187
11,250.00
1,650.00
1,650.00 1,375.00
275
177,331
1,650.00
28,775.00 (69,680.00)
28,775.00 24,824.00
4965 -11200
###
29,789.00
(16,679.00) 581351.00
-33600 114111
63,832.00
1,286,965.00 1,441,400.80 154,435.80
439.27
20615
0
23088.8
60
rm beg 70 441.00 31,101.00
rm current 2870 439.27 1,260,702.80
end 75 1,291,803.80
fg beg 3.00 2,006.00

fg current 2606.00 2,110,860.00
end 334.00
sales 4226580
less vat 448319 448,319.40
net sales 3735995 3,735,994.64 -
3778261
4,184,314.00
6505.1075
VAT
5616 17598 4368
52411.52 0 83225.5466666667
48044.3333333333
9078.72 0
8322.4166666667
114,110.20
581351 0
1355.2
VAT
60 202
558.88
0
0
154435
285
7650
1250 1650
1200
3683 5207 926,615.00
772,180
3853
35957.6 0
66
614.88
27237.28 2918.28 24967.5066666667
2180.64 233.64 1998.92
15588.16 1670.16 14289.1466666667
45006.08 4822.08
13917.8571428571
41255.5
83225.5466666667
4997.8133333333
54475.68 5836.68 49936.04

3271.52 57747.2 350.52 2998.8933333333
57747.2 6187.2
52934.75
75.72
271,228.67
249,150.30
212,791.73
22,823.00 2,166.00
448319 9144 9048
2,262.00
F&F
29,009.00 4527
24,482.00
1,200.00
1,200.00 1,000.00
200
270,988.00
22,582 1,200.00
(36,081.00)
114110 124910
-50400
33,230.00 38,429.00
Income Summary FGI
2,006.00 2112866.00
581351 2380400
0 269,540.00
460,000 460,000 241,559.00 39940
490000
490,000.00 201,619.00
48044 13,210.00 7,320.00
13210 52412 7,320.00 6,375.00
41256 9079 1275
52935 45006
8322 57747
7,650.00
4,700.00
4,700.00 4,339.00
13687 868
5,207.00
(46,180.00) (25,680.00)
114110 114110
-56000 -16800
11,930.00 71,630.00
Income Tax Payable
25,929.00
212792 249150
62,287.00
Cash Paid to/for:
Office Supplies (suppliers) -10241 (1,518,134.00)
Salaries and employee benefits - store -154435 (970,260.00)
Frieght Out -26734
Advertising -59274
Utilities - Warehouse -8322 -163767
Rent - store -169680
Sanitation Supplies - selling -559 -1881
Transportation Cost -87932 -1881
Utilities - last year -13210
Income tax -212792
Packaging -35958
VAT -271229
Maintenance -8388
Cash received from:
Cash paid to/for:
Net Cash Inflow (Outflow) from Investing Activities -23495

-163767
Sales 3,735,995.00
DEP Office equipement -9815 f
DEPN Office F&F -3188 f
DEPN DELIVERY EQUIPMENT office -3750 f
Transportation Cost -87932 f
Sanitation Supplies Expense - office -549 f
utilties expense - electricity office -24319 v
utilties expense - water office -1947 v
utilities expense - tele office -13918 v
Rent expense - office -90900 f
Advertisisng Expense -59274 f
Freight Out -26734 f
Insurance Expense - store -500 f
utilities - warehouse
Salearies expense - store -148882 f
Employeebenefits - store -13136 f
DEPN store equipment -4309 f
DEPN LHI -1875 f
DEPN DELIVERY EQUIPMENT store -11250 f
DEPN F&F - Store -321 f
Utilities Expense - Store -46796 v
Rent Expense - store -169680 f
Rent Expense - warehouse -30300 f
Sanitation Supplies Expense - selling -499 f
Office Supplies expense -9048 v
Utilities Expense - warehouse selling -8106 v
Packaging Expense -32105 v
Operating Income 823,996.00 -799133
Income Tax 249150.00
Cost of goods Sold
Demand

Direct Labor 744411.00 253.20102 f
Factory Overhead:
Rent Expense 181800.00 61.836735 344185.00 f
Cost per piece 810.00 809.65986 1619.32
1620 SP with VAT
Assets
Current Asset
Cash 1,472,749.00
Non-Current Asset


Liabilities
Current Liabilities
Partners' Capital
Agustin, Drawings 49,705.00 s
Avestro Drawings 168,904.00
Culannay, Drawings 41,305.00
Dela Cruz, Drawings 139,705.00
Sermona, Drawings 170,607.00


interest income
PPE depreciation
drawings
purch
insurance
Entries
Raw Materials Inventory (Direct)(incldues freight in) 1,287,345.00
Cash 1,440,991.00

Cash 20699
DirectRM USED COGM 1,285,462.00

Raw Materials Inventory 1,285,462.00

cOGS 2,422,964.00
Finished Goods Inventory (COGS) 2,422,964.00
Cash 4,806,360.00
Sales Discount 48,549.00
Output VAT 514,967.00
Sales 4,339,942.00

Input VAT 1143
Cash 10671

Cash 490,000

Cash 440000




Cash 4695

Input VAT 5851

Cash 50061
Input VAT 1014

Cash 8673


Cash 387,000.00

Input VAT 151
Cash 1412

Cash 169680

Cash 8740

Input VAT 62
Cash 582

Cash 91625

Input VAT 0
Cash 0

Cash 160792

Cash 803960

Cash 45,496.00

Cash 500

Cash 61764

Input VAT 3876
Cash 36,174.00
Freight Out 27857

Cash 27857

Cash 303000

Input VAT 69
Cash 641
Input VAT 4955

Cash 42389

Cash 13,687.00

Input VAT 6447

Cash 55159

Cash 2500

Input Vat 79
Cash 737

Cash 332,117.00

Income tax payable 317790

Cash 299879
33,470.00 -
1,287,345.00 1285462 153,646.00
20664 1143
20699 151
3876
35,388.00 1306126 79
LHI 5851
11,250.00 1875 1014
62
69
4955
6447
9,375.00
1,650.00
1,650.00 1,375.00
275
486,828
1,650.00
29,789.00 33,230.00
29,789.00 25,748.00
5150 -129000
30,898.00
63,832.00 738175.00
-38700 145475
170,607.00
1,280,381.00 1,434,026.72 153,645.72
435.36
20699
0
23182.88
60
rm beg 75 439.27 32945
rm current 2877 435.36 1,252,516.59
end 80 1,285,461.59
fg beg 334.00 269,540.00

fg current 2639.00 2,153,424.00
end 313.00
sales 4854909.00
less vat 514967 514,967.16
net sales 4291393 4,291,392.86 -
4339942
4,806,360.00
4695.01
VAT
5851 18267
54612.32 0
50,061.00
53966
9460.64 0
8672.58333333
145,475.00
738175 0
1412.32
VAT
62 210
582.4
0
0
160792
10
7980 964752
1250 1650
1200
4145 5761
803,960
3876
36,173.76 0
69
640.64
28381.92 3040.92
2272.48 243.48
15588.16 1670.16
46242.56 4954.56
13917.8571428571
42389.4166666667
56763.84 6081.84
3409.28 60173.12 365.28
60173.12 6447.12
55158.5833333
78.96
332,116.50
316,789.50
299,879.13
22,582.00 2,262.00
514967 9528 9432
2,358.00
F&F
24,482.00 4527
19,955.00
1,200.00
1,200.00 1,000.00
200
337,674.00
28,139 1,200.00
38,429.00
145475 156275
-25800
49,705.00 168,904.00
Income Summary FGI
269,540.00 2422964
2410179
738175 256,755.00
490,000 490,000 201,619.00 39940
440000
440,000.00 161,679.00
50061 13,687.00 7,650.00
13687 54612 7,650.00 6,650.00
42389 9461 1330
55159 46243
8673 60173
7,980.00
5,207.00
5,207.00 4,801.00
14,207.00 960
5,761.00
11,930.00 71,630.00
145475 145475
-116100 -77400
41,305.00 139,705.00
Income Tax Payable
62,287.00
299879 317790
80,198.00
Cash Paid to/for:
Office Supplies (suppliers) -10671 (1,511,907.00)
Salaries and employee benefits - store (160,792) (1,010,248.00)
Frieght Out -27857 (168,374.67)
Advertising -61764
Store Tools -8673
Rent - store -169680 -1960
Utilities - last year -13687 (964,752)
Salaries - production (803,960) (160,792)
utilities - office -42389 -803960
Income tax -299879
Packaging -36174
VAT -332117
Maintenance -8740
Cash received from:
Cash paid to/for:
Net Cash Inflow (Outflow) from Investing Activities 54695

Ending Cash Balance 1,472,749
-169969
Sales 4,291,393.00
DEP Office equipement (9,815.00) f
DEPN Office F&F (3,188.00) f
DEPN DELIVERY EQUIPMENT office (3,750.00) f
Transportation Cost (91,625.00) f
Sanitation Supplies Expense - office (572.00) f
utilties expense - electricity office (25,341.00) v
utilties expense - water office (2,029.00) v
utilities expense - tele office (13,918.00) v
Rent expense - office (90,900.00) f
Advertisisng Expense (61,764.00) f
Freight Out (27,857.00) f
Insurance Expense - store (500.00) f
Salearies expense - store (155,129.00) f

Employeebenefits - store (13,578.00) f
DEPN store equipment (4,309.00) f
DEPN LHI (1,875.00) f
DEPN DELIVERY EQUIPMENT store (11,250.00) f
DEPN F&F - Store (321.00) f
Utilities Expense - Store (48,761.00) v
Rent Expense - store (169,680.00) f
Rent Expense - warehouse (30,300.00) f
Sanitation Supplies Expense - selling (520.00) f
Office Supplies expense (9,432.00) v
Utilities Expense - warehouse selling (8,447.00) v
Packaging Expense (32,298.00) v
Operating Income 1,051,270.00 -817159
Income Tax 317790.00
Net Income (Loss) After Tax 738,175.00
Cost of goods Sold
Demand

Direct Labor 775644.00 262.75203 f
Factory Overhead:
Rent Expense 181800.00 61.585366 349073.00 f
Cost per piece 816.00 816.4563 1632.91
1633 SP with VAT
Pre-operating cost
Organization Cost 28,915
Prototype Cost 2,100
Rent Expense 25,000
Marketing Expense 5,850
Representation and Transportation Expense 26,208
Utilities Expense 5,007
Training and Development 35,000
Total 128,080
Total Project Cost Capital Expenditures
Pre-operating cost 128,080 Production Equipment
Capital Expenditures 508,632 Office Equipment
Rent Deposit 92,000 Store Equipment
Total 728,712 Production Furniture & Fixtures
Office Furniture & Fixtures
Store Furniture & Fixtures
Delivery Equipment
Leasehold Improvements
Total
15000
42000 Store
50000 office
utilities 92000
Inflation Rate
108,529.00 2018 2019 2020 2021 2022
82,978.00 3.40% 3.60% 3.80% 4.00% 4.200%
45,236.00
4,200.00
35,703.00
45,236.00
168,000.00
18,750.00
508,632.00
Profit Distribution 2,017 2,018
Agustin, Drawings (25,588) (15,720)
Avestro, Drawings (25,588) (15,720)
Culannay, Drawings (25,588) (15,720)
Dela Cruz, Drawings (25,588) (15,720)
Sermona, Drawings (25,588) (15,720)
Total (127,941) (78,599)
48816
226455
20% 511,738
656388
Partner's Drawings Account Balances 2,017 2,018

Agustin, Drawings -25,027 -50,747
Avestro, Drawings -25,027 -53,247
Culannay, Drawings -25,027 -68,247
Dela Cruz, Drawings -25,027 -40,747
Sermona, Drawings -25,027 -40,747
Total -125,136 -253,734
Withdrawals by Partners
Avestro, Drawings (12,500)
Culannay, Drawings -27500
Dela Cruz, Drawings
Sermona, Drawings
Total (50,000)
2,019 2,020 2,021 2,022
9,764 45291 102,348 131,278
20,563 56,091 113,147 142,078
9,763 45,291 102,347 131,278
9,763 45,291 102,348 131,277
9,763 45,291 102,348 131,277
59,616 237,255 522,538 667,188
9763
45291
102,348
131,278
2,019 2,020 2,021 2,022

-65,983 -70,192 20,956 23,234
-37,684 -36,593 26,154 142,432
-80,984 -46,693 -346 14,832
-38,484 -26,193 59,355 113,232
-45,984 -17,193 51,555 144,132
-269,118 -196,863 157,675 437,863
(75,000) (165,000) (168,000) (387,000) -

(25,000) (49,500) (11,200) (129,000)
(5,000) (55,000) (50,400) (25,800)
(22,500) (11,000) (56,000) (116,100)
(7,500) (33,000) (16,800) (77,400)
(15,000) (16,500.00) (33,600) (38,700)
(75,000.00) (165,000.00) (168,000.00) (387,000.00)
Interest Rates Annual Depreciation
Cash in Bank 0.25%
Time Deposit 0.75% Production Equipment
Mutual Funds (Bonds) 1.61% Sewing Machine- Fully Assembled
Fabric Steamer
Room Exhaust Fan
Fabric Rotary Board
Industrial Orbit Fan
Total
Production Furnitures & Fixtures
Rectangular Table
Built-in Cabinets
Store depreciation #REF! Clothing Rack
Total
Office Equipment
Room Air Conditioner
Printer/Scanner/Photocopying
Laptop
Oven with coffee maker
Water Dispenser
Total
Office Furnitures & Fixtures
Long Desk
Managing Partner's Table
Swivel Chair
Office Visitor Chair
Filing Cabinet
Total
Store Equipment
Room Air Conditioner
Cash Register
Fabric Steamer
Sound System
Total
Store Furnitures & Fixtures
Clothing Rack
Delivery Equipment
Delivery Van
Counter and Open Cabinets
Built-in Cabinets
Total
PPE
Purchase
Price Useful
Purchase Price (Exclusive Life Annual
(Inclusive of VAT) of VAT) (years) Depreciation
96,000.00 85714.00 15 5714.00

3,024.00 2700.00 5 540.00
2,420.00 2161.00 12 180.00
4,135.00 3692.00 10 369.00
2,950.00 2634.00 10 263.00
108,529 96901.00 7066.00 39940.00
3,000.00 2679.00 10 268.00

6000 5357 10 536
1,200.00 1071.00 5 214.00
10,200.00 9107.00 1018.00
14,999.00 13392.00 10 1339.00

5,950.00 5313.00 10 531.00
55,497.00 49551.00 7 7079.00
2,042.00 1823.00 5 365.00
4,490.00 4009.00 8 501.00
82,978.00 74088.00 9815.00
11,800.00 10536.00 10 1054.00

4,270.00 3813.00 10 381.00
14,000.00 12500.00 10 1250.00
2,700.00 2411.00 10 241.00
2,933.00 2619.00 10 262.00
35,703.00 31879.00 3188.00
14,999.00 13392.00 10 1339.00

19,714.00 17602.00 10 1760.00
3,024.00 2700.00 5 540.00
7,499.00 6696.00 10 670.00
45,236.00 40390.00 4309.00
1,797.00 1604.00 5 321.00
168,000.00 150000.00 8 18750.00
15,000.00 13393.00 10 1339.00

6,000.00 5357.00 10 536.00
21,000.00 18750.00 1875.00
Annual depn 46342.00

Pre- Operating
Statement of Financial Position
Assets
Current Asset
Cash 661,484
Total Current Asset 1,061,484
Non-Current Asset
Property, Plant and Equipment 361,379
Furniture and Fixtures 42,590
Leasehold Improvements 18,750
Rent Deposit 92,000
Deffered Tax Credit 51,308
Total Non-Current Asset 566,027
Total Assets 1,627,511

Liabilities
Current Liabilities
Utilities Payable 5,452
Total Current Liabilities 5,452
Partners' Capital
Agustin, Capital 350,000
Avestro Capital 350,000
Culannay, Capital 350,000
Dela Cruz, Capital 350,000
Sermona, Capital 350,000
Agustin, Drawings (25,588)
Avestro Drawings (25,589)
Culannay, Drawings (25,588)
Dela Cruz, Drawings (25,588)
Sermona, Drawings (25,588)
Total Partners' Capital 1,622,059
Total Liabilties and Partners' Capital 1,627,511
Statement of Comprehensive Income
Sales -
Cost of Goods Sold -
Gross Profit -
Expenses
Organization Cost (28,915)
Prototype Cost (2,100)
Rent Expense (25,000)
Marketing Expense (5,850)
Representation and Transportation Expense (26,208)
Training and Development (35,000)
Utilities Expense (4,868) (127,941)
Net Income (Loss) Before Tax (127,941)
(25,588.20)
-
(127,941.00)
102352
(25,589.00)
asset
vat
cash
Statement of Cash Flows
Cash Paid for:
Organization Cost (28,915)
Prototype Cost (2,100)
Rent (25,000)
Marketing Expense (5,850)
Representation and Transportation Expense (26,208)
Training and Development (35,000)
Net Cash Inflow (Outflow) from Operating Activities
Cash paid for:
Rent Deposit (92,000)
Production Equipment (108,529)
Store Equipment (45,236)
Office Equipment (82,978)
Production Furniture and Fixtures (10,200)
Store Furniture and Fixtures (1,797)
Office Furnitures & Fixtures (35,703)
Leasehold Improvements (21,000)
Delivery Equipment (168,000)
Temporary Investments (400,000)
Investment from Partners 1,750,000

Ending Cash Balance
Operating Financial Statements
Assets
Current Asset
Cash
Temporary Investments
Total Current Asset
(123,073) Non-Current Asset
Rent Deposit
Property, Plant and Equipment (net)
Furniture and Fixtures (net)
Leasehold Improvements (net)
Total Non-Current Asset
Total Assets

Liabilities
Current Liabilities
(965,443) Withholding Tax Payable
VAT Payable
Income Tax Payable
Salaries Payable
1,750,000 Utilities Payable
Total Current Liabilities
661,484
- Partners' Capital
661,484 Agustin, Capital

Avestro Capital
Culannay, Capital
Dela Cruz, Capital
Sermona, Capital
Agustin, Drawings
Avestro Drawings
Culannay, Drawings
Dela Cruz, Drawings
Sermona, Drawings
Total Partners' Capital
Total Liabilties and Partners' Capital
2018 2019 2020 2021 2022
343,993 379,275 789,851 988,480 1,472,749

24,209 27,309 31,591 33,470 35,388
265,444 295,616 2,006 269,540 256,755
1,725 2,039 2,166 2,262 2,358
450,000 430,000 460,000 490,000 440,000
1,085,371 1,134,239 1,285,614 1,783,752 2,207,250
92,000 92,000 92,000 92,000 92,000

321,439 281,499 241,559 201,619 161,679
38,063 33,536 29,009 24,482 19,955
16,875 15,000 13,125 11,250 9,375
468,377 422,035 375,693 329,351 283,009
1,553,748 1,556,274 1,661,307 2,113,103 2,490,259
6,660 6,990 7,320 7,650 7,980

1,500 1,500 1,650 1,650 1,650
1,200 1,200 1,200 1,200 1,200
3,936 4,253 4,700 5,207 5,761
7,631 16,530 22,823 22,582 28,139
- 6,453 25,929 62,287 80,198
26,986 27,880 28,775 29,789 30,898
12,375 12,775 13,210 13,687 14,207
60,288 77,581 105,607 144,052 170,033
350,000 350,000 350,000 350,000 350,000

350,000 350,000 350,000 350,000 350,000
350,000 350,000 350,000 350,000 350,000
350,000 350,000 350,000 350,000 350,000
350,000 350,000 350,000 350,000 350,000
(51,308) (66,421) (69,680) 33,230 49,705
(53,809) (38,122) (36,081) 38,429 168,904
(68,808) (81,422) (46,180) 11,930 41,305
(41,308) (38,922) (25,680) 71,630 139,705
(41,307) (46,420) (16,679) 63,832 170,607
1,493,460 1,478,693 1,555,700 1,969,051 2,320,226
1,553,748 1,556,274 1,661,307 2,113,103 2,490,259
-
2,018 2019 2020
Sales 2,263,395 2,695,357 3,325,274
Cost of Goods Sold (1,600,380) (1,861,387) (2,209,534)
Gross Profit 663,015 833,970 1,115,740
Selling and Administrative (749,155) (753,619) (775,195)
Operating Income (86,140) 80,351 340,545
Interest Income 7,541 5,696 5,179
Net Income (Loss) Before Tax (78,599) 86,047 345,724
Income Tax 25,814 103,717
Net Income (Loss) After Tax (78,599) 60,233 242,007
(78,599) 49,433 231,207
Incoe Tac and Income Tax Payable
Income Tax 2018 2019 2020

Payable for the Year - 25,814 103,717
Tax Payable Last Year - - 6,454
Total Payable - 25,814 110,171
Cash Paid on Income Tax 0 19,361 84,241
Income Tax Payable 6,454 25,929
average total assets

1,553,748 1,555,011 1,608,791 1,887,205
average OE
1,493,460 1486076.5 1517196.5 1762375.5
Statement of Cash Flows
2021 2022 Operating Activities

3,735,995 4,291,393 Cash Received from Cutomers
(2,112,866) (2,422,964) Cash Paid to/for:
1,623,129 1,868,429 Suppliers
(799,133) (817,159) Advertising
823,996 1,051,270 Rent
6,505 4,695 Salaries
830,501 1,055,965 Representation and Transportation
249,150 317,790 Insurance
581,351 738,175 Employee Benefits
Utilities
570,551 727,375 Withholding Taxes
Income tax
VAT
Maintenance
2021 2022 Net Cash Inflow (Outflow) from Operating Activities
249,150 317,790 Investing Activities
25,929 62,288 Cash received from:
275,080 380,078 Interest Income
212,792 300,630 Cash received (paid) for:
62,288 79,448 Temporary Investment
2,301,681 Withdrawals by Partners
2144638.5
Ending Cash Balance
2018 2019 2020 2021 2022
2,535,002 3,018,800 3,724,307 4,184,314 4,806,360

(933,287)
(1,072,081) (1,034,055) (1,029,705) (1,518,134) (1,511,907) -
(53,000) (54,908) (56,995) (59,274) (61,764)
(468,000) (468,000) (472,680) (472,680) (472,680)
(682,142) (731,881) (755,775) (782,618) (812,036)
(102,528) (106,219) (110,256) (114,666) (119,482)
(3,000) (3,000) (3,000) (3,000) (3,000)
(102,960) (115,950) (121,561) (125,670) (129,630)
(141,584) (152,894) (158,092) (163,767) (169,969)
(43,298) (50,714) (55,951) (61,972) (68,582)
- (19,361) (84,241) (212,792) (299,879)
-83941 -189462 (267,589) -271229 -332117
(7,500) (7,770) (8,065) (8,388) (8,740)
(225,032) 84,586 600,397 390,124 816,574
7,541 5,696 5,179 6,505 4,695
(50,000) 20,000 (30,000) (30,000) 50,000

(42,459) 25,696 (24,821) (23,495) 54,695
(50,000) (75,000) (165,000) (168,000) (387,000)

(50,000) (75,000) (165,000) (168,000) (387,000)
(317,491) 35,282 410,576 198,629 484,269

661,484 343,993 379,275 789,851 988,480
343,993 379,275 789,851 988,480 1,472,749
vat 0 0 0 0
input vat 0 - - -
Raw Materials in Units

2018 2019 2020 2021
Beginning 0 6 9 12
Purchases 1835 1,955 1,955 2,950
Raw Materials Used 1,829 1,952 1,952 2,940
Ending 6 9 12 22
Liquiduty Ratios
2018 2019 2020
Current Ratio 18.00 14.62 12.17
Quick Ratio 13.17 10.43 11.83
Working Capital 1,025,083 1,056,658 1,180,007
Acitivity Ratios
2018 2019 2020
Inventory Turnover 6.03 6.64 14.85
0 Total Assets Turnover 1.46 1.73 2.07
-
Stability Ratios
2018 2019 2020
2022 Debt-to-Assets 3.88% 4.99% 6.36%
22 Debt-to-Equity 96.12% 95.01% 93.64%
2,955
2,952
25
Profibality Ratios
2021 2022 2018
12.38 12.98 Gross Profit Margin 29.29%
10.26 11.25 Net Profit Margin -3.47%
1,639,700 2,037,217 ROA -5.06%
ROE -5.26%
2021 2022 Cash Returns

15.56 9.21 2018
1.98 1.86 Net Income (Loss) After Tax (78,599)
Add Depreciation 46,342
Cash Returns (32,257)
2021 2022
6.82% 6.83% Payback Period
93.18% 93.17% Cash Returns
2018 (32,257)
2019 106,575
2020 288,349
2021 627,693
2022 759,640
Investments
2019 2020 2021 2022
30.94% 33.55% 43.45% 43.54%
2.23% 7.28% 15.56% 17.20%
3.87% 15.04% 30.80% 32.07%
4.05% 15.95% 32.99% 34.42%
2019 2020 2021 2022

60,233 242,007 581,351 738,175
46,342 46,342 46,342 46,342
106,575 288,349 627,693 784,517
Acc. CashReturns Year

(32,257) 1
74,318 1
362,667 1
990,360 1
1,750,000 0.97 0.97
1,750,000 4.97
Total Variable Cost
2018 2019 2020 2021 2022
Raw Materials
Salaries Expense - Production
Utilities Expense - Production
Supplies Expense - Production
Total 0 0 0 0 0
Total Fixed Cost Value Added Tax
Input VAT
Production Equipment
Production Furnitures & Fixtures
Office Equipment
Office Furnitures & Fixtures
Store Equipment
Store Furnitures & Fixtures
Delivery Equipment
Raw Materials
Utilities
Sanitation Supplies
Office Supplies
Packaging
Store Tools
Total Input VAT
VAT Payable
Output VAT
Input VAT
Total VAT for the year
Tax Credit
Total VAT payable for the year
Tax Payable last year
Total Payable
Cash Paid on VAT
VAT payable
2017 2018 2019 2020 2021 2022
11,628.00
1,093.00
8,890.00
3,824.00
4,846.00
193.00
2,250.00
18,000.00
96544 95084 93259 128365 125109
584 16112 16625 17185 17798 18467
709 184 191 199 207
1731 1016 1055 1097 1143
2,304 2,548 2,948 3,853 3,876
404.79
51,308 117805 115458 114639 151312 148803
271648 322935 396577 425476 486934

51,308 117,805 115,458 114,639 151,312 148,803
-51,308 153,844 207,477 281,939 274,164 338,132
51,308 -51,308
0.00 102,536 207,477 281,939 274,164 338,132
0 8,545 17290 23495 22847
102,536 216,021 299,228 297,659 360,979
93991 198732 275734 274812 332801
8,545 17,290 23,495 22,847 28,178
Interest Income
Investment Interest Rate 2,017 Amount
Cash in Bank 0.25% 529,187
Time Deposit 0.75% 400,000
Mutual Funds (Bonds) 1.61%
Total Interest Income
Cash 2017 2018 2019 2020

Cash on Hand 561,484 117,654 (429,332) (540,259)
Cash in Bank 100,000 226340 808607 1330110
Total 661,484 343,993 379,275 789,851
https://www.pinoymoneytalk.com/bdo-savings-time-deposit-interest-rates/
2018 Amount 2019 Amount 2020 Amount
1,323 241,145 603 266,080 665 672,347
3,000 250,000 1,875 280,000 2,100 300,000
3,218 200,000 3,218 150,000 2,413 160,000
7,541 5,696 5,179
50,000
2021 2022
(879,518) (1,102,087)
1867998 2574836
988,480 1,472,749
293.3333333333 150
Cost of goods Sold
2021 2022 2018
1,681 918,004 2,295 Units
2,250 320,000 2,400 290000 Finished Goods Inventory, Beginning -
2,574 170,000 2,735 150000 Cost of Goods Manufactured 1,829
6,505 4,695 Total Goods Available for Sale 1,829
Cost of Goods Sold 1,569
Diret Materials Used 866,582

Direct Labor 665,600
Factory Overhead 333,436
Cost of Goods Manufactured 1,865,618
Cost per piece 1020.20

2018
Units
Cost of Goods Manufactured 1,829
Total Goods Available for Sale 1,829
Cost of Goods Sold 1,569
Direct Raw Materials Inventory 2018

Beg -
Purchases 869,577
DirectRM used (866,582)
Indirect Materials Used
Ending 2,995
Indirect Materials Inventory
Beg 0
Purchases 25,505
RM used 19,385.22
Ending 6,119.38

Raw Materials Inventory, Beginning 0
Purchases 901,078
RM Used -853,173
Raw Materials Inventory, Ending 47,905
2019 2020 2021 2022
Pesos Units Pesos Units Pesos Units Pesos Units
- 260 264,997 #REF! #REF! #REF! #REF! #REF!
1,865,618 #REF! #REF! #REF! #REF! #REF! #REF! #REF!
264,997 #REF! #REF! #REF! #REF! #REF! #REF! #REF!
2019 2020 2021 2022
#REF! #REF! #REF! #REF!

689,562 #REF! #REF! 775,660
2018 2019 2020 2021 2022

Pesos Units Pesos Units Pesos Units Pesos Units
0 260 264,997 #REF! #REF! #REF! #REF! #REF!
264,997 #REF! #REF! #REF! #REF! #REF! #REF! #REF!
2019 2020 2021 2022

2,995 #REF! #REF! #REF!
6,119.38
#REF!
#REF! - - -
2019 2020 2021 2022

887,454 870,417 1,198,072 1,167,684
-852,580 -835,479 -1,153,429 -1,125,680
34,874 34,938 44,643 42,004
Temporary Investments
2022 2,018 2,019
Pesos Time Deposit 250,000 280,000
#REF! Mutual Funds (Bonds) 200,000 150,000
#REF! Total 450,000 430,000
#REF!
#REF!
#REF!
2,018 2,019
Cash Received from Customers 2,535,383 3,014,056
2022
Pesos
#REF!
#REF!
#REF!
#REF!
#REF!
2,020 2,021 2,022
300,000 320,000 290,000
160,000 170,000 150,000
460,000 490,000 440,000
2,020 2,021 2,022

3,701,390 3,971,113 4,544,721
2018 2019
Office Supplies Inventory, Beginning 1725
Purchases 14422 8470
Office Supplies Used 12697 8156
Office Supplies Inventory, End 1725 2039
Electricity - Office, Production, & Warehouse 7009

Water - Office & Production 421
Telecommunication - Office
Electricity - Store 4046
Cash Paid on Utilities 2018 2019

Electricity - Office, Production, & Warehouse 78155 83861
Water - Office & Production 4883 5036
Telecommunication - Office 15588 15588
Electricity - Store 42958 48409
Total 141584 152894
81,182.04 84,104.59
4,875.60 5,051.12
3737.7 15,588.00 15,588.00
415.3 46,863.24 48,550.32
4153 148,508.88 153,294.03
15588 12,375.74 140,519.53
12,774.50
Utilities Payable 2018 2019

Electricity 10670 11055
Water 406 421
Telecommunication 1299 1299
Total 12375 12775
4,353.21 4,509.93
4,875.60 5,051.12
406.30 420.93
Employee Benefits Payable 2018 2019

SSS and EC 6,660 6,990
PhilHealth 1,500 1,500
HDMF 1,200 1,200
Total 9,360 9,690
Cash Paid for Salaries Head Count 2018

Distribution Staff 1 113690
Cutter 1 113690
Seamstress 4 454762
Total 682142
Cash Paid for Employee Benefits 2018 2019

SSS and EC 73260 83,550
PhilHealth 16500 18,000
HDMF 13200 14,400
Total 102960 115950
Cash Paid for Withholding Taxes 43298 50714

Wothholding Taxes Payable 3936 4252
828400 898545
Cash Paid to Suppliers 2018 2019

Raw Materials 1016653 997786
Office Supplies 16152 9487
Production Tools 7375 1256
Packaging 21505 23782
Store Tools 3778
Sanitation Supplies 6618 1744
Total 1072081 1034055
Cash Paid for Rent 2017 2018

Rent for Office, Production, & Warehouse) 75000 300000
Rent for Store 42000 168000
Total 117000 468000
Rent Expense 25000 468000
Rent Deposit 92000 92000
Rent Expense Allocation Allocation 2018

Office 30% 90000
Production 60% 180000
Warehouse 10% 30000
2018 2019
Cash Paid for Maintenance (Maintenance Expe 7500 7770
Selling Price 2018 2019

Product Cost 1,020.13 969.04
Mark up 160% 165%
VAT 1.12 1.12
Selling Price (Inclusive of VAT) 1,632.21 1,598.91
Gross Selling Price rounded off 1,632.00 1599
1020.13340623
Income Tax 2018 2019

Payable for the Year 0 25,814
Tax Payable Last Year 0 -
Total Payable 0 25,814
Cash Paid on Income Tax 0 19,361
Income Tax Payable 0 6,453
19360.5
Cash
2017 2018
Cash on Hand 132,297 102,848
Cash in Bank 529,187 241,145
Total 661,484 343,993
132,296.80
Temporary Investment 529,187 226,340
343,993
Value Added Tax 2017 2018
Input VAT
Production Equipment 11,628.00
Production Furniture & Fixtures 1,093.00
Office Equipment 8,890.00
Office Furniture & Fixtures 3,824.00
Store Equipment 4,846.00
Store Furniture & Fixtures 193.00
Leasehold Improvements 2,250.00
Delivery Equipment 18,000.00
Raw Materials 106,878.00
Utilities 584 15911
Sanitation Supplies 709
Office Supplies 1730
Packaging 2304
Production Tools 790
Store Tools 405
Total Input VAT 51,308 128,727
VAT Payable
Output VAT 271607
Input VAT 51,308 128,727
Total VAT for the year -51,308 142,880
Tax Credit 51,308 51,308
Total VAT payable for the year 0.00 91,572.00
Tax Payable last year 0
Total Payable 91,572.00
Cash Paid on VAT 83941
VAT payable 7,631.00
83,941.00
Partner's Drawings
2018 2019
Agustin, Drawings (51,308.00) (66,421.00)
Avestro Drawings (53,809.00) (38,122.00)
Culannay, Drawings (68,808.00) (81,422.00)
Dela Cruz, Drawings (41,308.00) (38,922.00)
Sermona, Drawings (41,307.00) (46,420.00)
Partner's Income (Loss) Distribution
2017 2018
Agustin, Drawings -25588 -15720
Avestro, Drawings -25589 -15720
Culannay, Drawings -25588 -15720
Dela Cruz, Drawings -25588 -15720
Sermona, Drawings -25588 -15719
Income (Loss) Distribution 2017 Agustin Avestro

Bonus
Remaining Profit (Loss) -25588 -25589
Share in Profit (Loss) -25588 -25589

Bonus
Remaining Profit (Loss) -15720 -15720
Share in Profit (Loss) -15720 -15720

Bonus 10800
Remaining Profit (Loss) 9887 9887
Share in Profit (Loss) 9887 20687

Bonus 10800

Bonus 10800

Bonus 10800
2018 2019
Cash Received from Customers 2,535,002 3,018,800
Interest Income
Total Variable Cost 2018 2019

Direct Materials 872,763 876,251
Variable Overhead 65,490 62,547
Office Supplies 12,697 8,156
Utilities Expense - Store & Warehouse 49,090 50,858
Utilities Expense - Office 37,404 38,250
Packaging Expense 19,201 21,234
Total 1,056,645 1,057,296
Total Fixed Cost 2018 2019

Salaries - Production 665,600 689,562
Fixed Overhead 261,971 263,199
Depreciation Expense 34,508 34,508
Employee Benefits 11,660 12,102
Sanitation Expense 4,074 972
Insurance Expense 500 500
Rent Expense 288,000 288,000
Transportation Cost 102,528 106,219
Advertising Expense 53,000 54,908
Total 1,421,841 1,449,970
Contribution Margin per Unit & Contribution Margin Ratio

2018 2019
Selling Price per Unit 1,632.00 1,599.00
Variable Cost per Unit 577.72 541.65
Contribution Margin per Unit 1,054.28 1,057.35
Contribution Margin Ratio 64.60% 66.13%
Breakeven Point 2018 2019

Fixed Cost 1,421,841 1,449,970
Contribution Margin per Unit 1,054.28 1,057.35
Breakeven Point in Units 1349 1371
Fixed Cost 1,421,841 1,449,970

Contribution Margin Ratio 64.60% 66.13%
Breakeven Point in Pesos 2,200,970 2,192,743
Proof of Breakeven
2018 2019
Sales 2,200,970 2,192,743
Variable Cost (779,129) (742,773)
Contribution Margin 1,421,841 1,449,970
Fixed Cost (1,421,841) (1,449,970)
Net Income - -
2020 2021 2022
2039 2166 2262
8792 9144 9528
8665 9048 9432
2166 2262 2358
2020 2021 2022

87035 90500 94289
5227 5435 5663
15588 15588 15588
50242 52244 54429
158092 163767 169969
87,300.57 90,792.59 94,605.88
5,243.06 5,452.79 5,681.80
15,588.00 15,588.00 15,588.00
50,395.23 52,411.04 54,612.30
158,526.86 164,244.42 170,487.98
7,566.05 86,722.06 94,288.11

454.40 5,208.32 5,662.72
1,299.00 14,289.00 15,588.00
4,367.59 50,061.28 54,428.86
2020 2021 2022
11475 11934 12435
436 454 473
1299 1299 1299
13210 13687 14207
4,681.31 4,868.56 5,073.04
5,243.06 5,452.79 5,681.80
436.92 454.40 473.48
2020 2021 2022

7,320 7,650 7,980
1,650 1,650 1,650
1,200 1,200 1,200
10,170 10,500 10,830
2019 2020 2021 2022

121980 125962 130436 135340
121980 125962 130436 135340
487921 503851 521746 541356
731881 755775 782618 812036
2020 2021 2022 1,010,248

87,511 91,470 95,430
19,650 19,800 19,800 19,859.00
14,400 14,400 14,400 9930
121561 125670 129,630 29,789.00
55951 61972 68582

4700 5207 5761 130374
14,630
3025
933287 970260 1010248 2200
10563
2020 2021 2022 160792
989231 1468699 1461690
9847 10241 10671 964749
1304 1355 1412 919,253.00
27514 35958 36174
1809 1881 1960

1029705 1518134 1511907
2019 2020 2021 2022

300000 303000 303000 303000
168000 169680 169680 169680
468000 472680 472680 472680
468000 472680 472680 472680
92000 92000 92000 92000
2019 2020 2021 2022

90000 90900 90900 90900
180000 181800 181800 181800
30000 30300 30300 30300
2020 2021 2022

8065 8388 8740
2020 2021 2022

981.52 809.66 816.46
170% 200% 200%
1.12 1.12 1.12 ?
1,668.58 1,619.32 1,632.91
1669 1620 1633
2020 2021 2022

103,717 249,150 317,790
6,453 25,929 62,287
110,170 275,079 380,077
84,241 212,792 299,879
25,929 62,287 80,198
77,787.75 186,862.50 238,342.50
2019 2020 2021 2022

113,195 117,504 70,476 163,548
266,080 672,347 918,004 1,309,201
379,275 789,851 988,480 1,472,749
30% 1,330,109.60 1,531,757.95 1,931,126.85
862,514 1,330,110 1,531,758 1,931,127
431,257.0 465,538.5 490,162.56 444,159.21

379,275 789,851 988,480 1,472,749
2019 2020 2021 2022
104,771.00 103,829.00 154,436.00 153,646.00

16424 16985 17598 18267
187 194 202 210
1017 1055 1097 1143
2548 2948 3853 3876
135 140 145 151
0 0 0 0
125,082 125,151 177,331 177,293
323443 399033.00 448319 514,967.00

125,082 125,151 177,331 177,293
198,361 273,882 270,988 337,674
0 0 0 0
198,361.00 273,882.00 270,988.00 337,674.00
7,631.00 16,530.00 22,823.00 22,582.00
205,992.00 290,412.00 293,811.00 360,256.00
189,462.00 267,589.00 271,229.00 332,117.00
16,530.00 22,823.00 22,582.00 28,139.00
181,830.92 251,058.50 248,405.67 309,534.50
2020 2021 2022

(69,680.00) 33,230.00 49,705.00
(36,081.00) 38,429.00 168,904.00
(46,180.00) 11,930.00 41,305.00
(25,680.00) 71,630.00 139,705.00
(16,679.00) 63,832.00 170,607.00
2019 2020 2021 2022
9887 46241 114110 145475
20687 57041 124910 156275
9886 46242 114110 145475
9886 46242 114110 145475
9887 46241 114111 145475
Culannay Dela Cruz Sermona Total

0
-25588 -25588 -25588 -127941
-25588 -25588 -25588 -127941

0
-15720 -15720 -15719 -78599
-15720 -15720 -15719 -78599

10800
9886 9886 9887 49433
9886 9886 9887 60233

10800
46241 46241 45800 230323
46241 46241 45800 241123

10800
114110 114110 114110 570550
114110 114110 114110 581350

10800
145475 145475 145475 727375
145475 145475 145475 738175
2020 2021 2022
3,724,307 4,184,314 4,806,360
2020 2021 2022

867,456 1,291,804 1,285,462
64,405 73,350 75,651
8,665 9,048 9,432
52,790 54,902 57,208
39,175 40,184 41,288
24,566 32,105 32,298
1,057,057 1,501,393 1,501,339
2020 2021 2022

715,789 744,411 775,644
268,274 270,835 273,422
34,508 34,508 34,508
12,694 13,136 13,578
1,008 1,048 1,092
500 500 500
290,880 290,880 290,880
110,256 114,666 119,482
56,995 59,274 61,764
1,490,904 1,529,258 1,570,870
ontribution Margin Ratio

2020 2021 2022
1,669.00 1,620.00 1,633.00
541.53 510.68 508.58
1,127.47 1,109.32 1,124.42
67.55% 68.48% 68.86%
2020 2021 2022

1,490,904 1,529,258 1,570,870
1,127.47 1,109.32 1,124.42
1322 1379 1397
1,490,904 1,529,258 1,570,870

67.55% 68.48% 68.86%
2,206,984 2,233,254 2,281,389
2020 2021 2022

2,206,984 2,233,254 2,281,389
(716,080) (703,996) (710,519)
1,490,904 1,529,258 1,570,870
(1,490,904) (1,529,258) (1,570,870)
- - -
Raw Materials Inventory - Direct 2018 2019
Units Pesos Units
Raw Materials Inventory, Jan 1 50
Purchases 1879 896622 1962
Raw Materials Used 1829 872763 1952
Raw Materials Inventory, Dec 31 50 23859 60
477.18
Raw Materials Inventory - Indirect 2018 2019
Units Pesos Units
Raw Materials Inventory, Jan 1 50
Purchases 1879 13153 1962

2018 2019 2020
Raw Materials Inventory, Jan 1 0 24209 27309
Purchases 909775 893015 885402
Depreciation 2018
Cost Expense Carrying Value
Property, Plant and Equipment 361379.00 39940.00 321439.00
Furniture and Fixtures 42590.00 4527.00 38063.00
Leasehold Improvements 18750.00 1875.00 16875.00
44,504.46
3,905.27
48,409.73
13,687.03
average 130 132722 282.5

Finished Goods Inventory 2018 2019
Units Pesos Units
Finished Goods Invty, Jan 1 260
Cost of Goods Manudactured 1829 1,865,824 1952
Total Goods Avilable for Sale 1829 1865824 2212
Cost of Goods Sold 1569 1600380 1907
Finished Goods Invty, Dec 31 260 265444 305
Cost of Goods Sold 2018 2019

Units Pesos Units
Finished Goods Invty, Jan 1 260
Cost of Goods Manudactured 1829 1865824 1952
Total Goods Avilable for Sale 1829 1865824 2212
Finished Goods Invty, Dec 31 260 265444 305
Cost of Goods Sold 1569 1600380 1907
Cost of Goods Manufactured 2018 2019 2020

Direct Raw Materials Used 872,763 876,251 867,456
Direct Labor 665,600 689,562 715,789
Factory Overhead 327461 325746 332679.00
Cost of Goods Manufactured 1,865,824 1,891,559 1,915,924
1020.1334062 969.04 981.518442623
168,374.67
1,913,918.00 2,209,534.00
Sales 2018 2019

Units Pesos Units
Sales 1569 2,560,608.00 1907
Less Discounts 25,606.00
Net Sales 2,535,002
Output VAT 271607
Sales (Net of Vat) 2,263,395
25,606.08
2,263,394.64 -
271,607.36 -
25000 50000
14000 42000
92000
2019 2020 2021 2022
Pesos Units Pesos Units Pesos Units
23859 60 26889 70 31101 75
879281 1962 871668 2945 1293648 2957
876251 1952 867456 2940 1291804 2952
26889 70 31101 75 32945 80
448.16 444.28 439.27
2019 2020 2021 2022
23859 60 26889 70 31101 75
13734 1962 13734 2945 20615 2957
13664 1952 13664 2940 20580 2952
23929 70 26959 75 31136 80
2021 2022
31591 33470
1314263 1308044
1312384 1306126
33470 35388
2019 2020 2021
Expense Carrying Value Expense Carrying Value Expense Carrying Value
39940.00 281499.00 39940.00 241559.00 39940.00 201619.00
4527.00 33536.00 4527.00 29009.00 4527.00 24482.00
1875.00 15000.00 1875.00 13125.00 1875.00 11250.00
280530 154 148811 168.5 135773 323.5

2019 2020 2021 2022
265444 305 295616 3 2006 334
1,891,559 1952 1,915,924 2940 2,380,400 2952
2157003 2257 2211540 2943 2382406 3286
1,861,387.00 2254 2,209,534.00 2609 2,112,866.00 2973
295616 3 2006 334 269540 313
1,861,387.00 2,209,534.00 2,112,866.00
2019 2020 2021 2022
265444 305 295616 3 2006 334
1891559 1952 1915924 2940 2380400 2952
2157003 2257 2211540 2943 2382406 3286
295616 3 2006 334 269540 313
1861387 2254 2209534 2609 2112866 2973
2021 2022
1,291,804 1,285,462
744,411 775,644
344185.00 349073.00
2,380,400 2,410,179
809.66 816.45630081
2019 2020 2021 2022

3049293 2254 3761926 2609 4226580 2973
30493 37619 42266
3,018,800 3,724,307 4,184,314
323443 399033 448319
2,695,357 3,325,274 3,735,995
30,492.93 37619.26 42265.8
2,695,357.14 - 3,325,274.11 - 3,735,994.64 -
323,442.86 - 399,032.89 - 448,319.36 -
2022
Pesos
32945
1287345
1285462
34828
435.36
2022
Pesos
32945
20699
20664
32980
2022
Expense Carrying Value
39940.00 161679.00
4527.00 19955.00
1875.00 9375.00
263147.5
2022
Pesos
269540
2,410,179
2679719
2,422,964.00
256755
2,422,964.00
2022
Pesos
269540
2410179
2679719
256755
2422964
2022
Pesos
4854909
48549
4,806,360
514967
4,291,393
48549.09
4,291,392.86
514,967.14
Capacity 2018 2019
Desired Production 1866 1992
Inefficiency 37 40
Actual capacity 1829 1952
Beginning inv 0 260
Total 1829 2212
Sold/Demand 1569 1907
End Inv 260 305
YEAR POPULATION
AVERAGE ANNUAL GROWTH RATE
DEMAND
2015 86196 1
2016 87308 1.012901244050 87308
2017 88434 1.012901244050 88434
2018 89575 1.012901244050 89575
2019 90731 1.012901244050 90731
2020 91902 1.012901244050 91902
2021 93087 1.012901244050 93087
2022 94288 1.012901244050 94288
20
Annual Production 1952
Annual Demand 1,907
Cost Per Piece

Raw Materials
Fabric quantity Amount
Leather 1.50 259.00 388.50
Cotton 1.50 233.10 349.65
Polyester 1.50 247.90 371.85
Geena-Lining 1.50 24.05
Zipper-Pocket 3.00 9.25
Zipper-Jacket 1.00 25.90
Metal Buckle 2.00 5.55
String 0.50 1.39
Metal Ring 6.00 3.70

Freight In 6,191.14 3.17
Direct Labor
Cutter
Seamstress
Factory Overhead
Indirect Materials
Plastic Package
Production Tools 1,121.10
Clothing label
Factory Rent 300,000.00 180,000.00
Maintenance Cost 7,770.00
Employees Benefits 60,390.00
Sanitation Supplies 584.56

Insurance for Employees (500/person) 2,500.00
Utilities
Water 4,509.93 2,705.96
Electricity 75,093.39 45,056.03
Depreciation Expense
Vehicle 18,750.00 3,750.00
Furniture and Fixture 1,017.86 11,834.77
Cost Per Piece
ADMINISTRATIVE EXPENSES
Office Supplies Expense

Office Rent 300,000.00
Sanitation Supplies
Utilities Telecommunication
Water 4,509.93
Electricity 75,093.39
Office Equipment
Furniture and Fixture 150,000.00
vehicle 18,750.00
Tanspo
SELLING EXPENSES
Rent
Warehouse 300,000.00
Store
Sanitation Supplies
Utilities
Electricity Warehouse 75,093.39
Store
Depreciation ExpeFurniture and Fixture

Store Equipment 150,000.00
Vehicle 18,750.00
Salaries
Employee Benefits
Insurance Expense
Freight Out Assumption 9 month working
Marketing
Packaging
21,233.86
23,781.92
2,548.06
2020 2021 2022
1992 3000 3012
40 60 60
1952 2940 2952
305 3 334
2257 2943 3286
2254 2609 2973
3 334 313
OTHERS: MARKET GAP Age bracketWILLING 2 BUtarget market shar ANNUAL DEMAND
0.59000 36726 0.48 0.89 0.1 ###

0.59000 37200 0.48 0.89 0.12 ###
0.59000 37680 0.48 0.89 0.14 ###
0.59000 38166 0.48 0.89 0.16 ###
0.59000 38658 0.48 0.89 0.18 ###
2019
Purchases 1962

Mark-up 1.36
Cost Total Net Sales
Cost of Goods Sold
Gross Profit
370.00 Admin&Selling Expenses
36.08 Income Before Tax
27.75 Income Tax Expense
25.90 Income After Tax
11.10
0.69 30% mark up
444.35
22.20 494
3.17 FOH
70.65 447.52
282.58 353 Production Tools
Factory Rent
Employees Benefits
Freight In
2.00 Sanitation Supplies
0.57 Insurance for Employees (500/person)
5.00 Utilities Water
92.21 Electricity
3.98 Depreciation Expense
30.94
0.30
1.28
24.47
353,500.43
6.06 167
967.57
8,156.33
90,000.00
508.75
15,588.00
1,803.97
22,528.02
9,814.90
3,187.77
3,750.00
81,454.46 236,792.20
30,000.00
168,000.00
462.50
7,509.34
43,348.50
2,409.83
4,308.93
11,250.00
137,912.32
12,102.00
500.00
24,764.54
54,908.00
21,233.86 518,709.81
755,502.01
Capacity
Desired Production
Inefficiency
Actual capacity
Beginning inv
Total
Sold/Demand
End Inv
CAPACITY YEAR
2015
2016
2017
1,866.00 2/head 2018
1,992.00 2/head 2019
1,992.00 2/head 2020
3,000.00 3/head 2021
3,012.00 3/head 2022
atement of Comprehensive Income Cost Per Piece

1,349.00 Raw Materials
2,546,817.6 Fabric
1,858,832.0 Leather
687,985.6 Cotton
755,502.0 Polyester
(67,516.4) Geena-Lining
(20,254.9) Zipper-Pocket
(47,261.5) Zipper-Jacket
Metal Buckle
String
Metal Ring
Freight In
Direct Labor
538.35 Cutter
180,000.00 Seamstress
60,390.00
6,191.14 Factory Overhead
584.56 Indirect Materials
2,500.00 Plastic Package
2,705.96 Production Tools
45,056.03 Clothing label
11,834.77 Factory Rent
309,800.81 Maintenance Cost
Employees Benefits
Sanitation Supplies
Insurance for Employees (500/person)
Utilities
Water
Electricity
Vehicle
Furniture and Fixture
Cost Per Piece

Office Rent
Sanitation Supplies
Water
Electricity
Office Equipment
vehicle
Transportation Cost
SELLING EXPENSES
Rent
Warehouse
Store
Sanitation Supplies
Utilities
Electricity Warehouse
Store
Depreciation ExpFurniture and Fixture

Store Equipment
Vehicle
Salaries
Employee Benefits
Insurance Expen Assumption 9 month working
Freight Out
Marketing
Packaging
2018 2019 2020 2021
Desired Production 1866 1992 1992 3000
Inefficiency 37 40 40 60
Actual capacity 1829 1952 1952 2940
Beginning inv 0 260 305 4
Total 1829 2212 2257 2944
Sold/Demand 1569 1907 2254 2609
End Inv 260 305 4 335
POPULATION AVERAGE ANNUAL GROWTH RATEDEMAND OTHERS: MARKET SH GAP
86196 1
87308 1.012901244050 87308
88434 1.012901244050 88434
89575 1.012901244050 89575 0.59000 36726
90731 1.012901244050 90731 0.59000 37200
91902 1.012901244050 91902 0.59000 37680
93087 1.012901244050 93087 0.59000 38166
94288 1.012901244050 94288 0.59000 38658
2020
Annual Production 1952 purchases 1962
Annual Demand 2,254
quantity Amount Cost Total

1.50 268.84 403.26
1.50 241.96 362.94
1.50 257.32 385.98 384.06
1.50 24.96 37.45
3.00 9.60 28.80
1.00 26.88 26.88
2.00 5.76 11.52
0.50 1.44 0.72
6.00 3.84 23.04 512.48

6,426.40 3.29
73.33
293.32 366.65
2.00
1,163.70 0.60
5.00
300,000.00 181,800.00 93.14
8,065.26 4.13
63,348.00 32.45
606.78 0.31
e for Employees (500/person) 2,500.00 1.28
4,681.31 2,808.78
77,946.94 46,768.16 25.40
tion Expense
duction Equipment 7,066.91
18,750.00 3,750.00
iture and Fixture 1,017.86 11,834.77 6.06 170
981
pplies Expense 8,665.13

300,000.00 90,900.00
528.08
15,588.00
4,681.31 1,872.52
77,946.94 23,384.08
9,814.90
and Fixture 3,187.77
150,000.00 18,750.00 3,750.00
84,549.73 242,240.22
300,000.00 30,300.00
169,680.00
480.08
77,946.94 7,794.69
44,995.74
and Fixture 2,409.83

4,308.93
150,000.00 18,750.00 11,250.00
143,152.99
12,693.60
on 9 month working 500.00
25,705.60
56,994.50
24,566.35 534,832.30
777,072.52
24,566.35
27,514.31
2,947.96
2022
3012
60
2952
335
3287
2973
314
Age brackeWILLING 2target market s ANNUAL DEMAND CAPACITY
0.48 0.89 0.1 ### 1,866.00 2/head

0.48 0.89 0.12 ### 1,992.00 2/head
0.48 0.89 0.14 ### 1,992.00 2/head
0.48 0.89 0.16 ### 3,000.00 3/head
0.48 0.89 0.18 ### 3,012.00 3/head
20
Mark-up 1.36 1,399
Sales 3,121,813
Gross Profit 914,646
Admin&Selling Expenses 777,073
Income Before Tax 137,573
Income Tax Expense 41,272
Income After Tax 96,301
440.73 30% mark up
3.29
444.03 Factory Overhead
Production Tools 563.19
Factory Rent 181,800.00
Employees Benefits 63,348.00
Freight In 6,426.40
Sanitation Supplies 606.78
Insurance for Employees 2,500.00
Utilities Water 2,808.78
Depreciation Expense 11,834.77
316,656.08
Capacity 2018
Desired Production 1866
Inefficiency 37
Actual capacity 1829
Beginning inv 0
Total 1829
Sold/Demand 1569
End Inv 260
YEAR POPULATION
2015 86196 1
2016 87308 1.012901244050
2017 88434 1.012901244050
2018 89575 1.012901244050
2019 90731 1.012901244050
2020 91902 1.012901244050
2021 93087 1.012901244050
2022 94288 1.012901244050
Annual Production
Annual Demand
Cost Per Piece

Raw Materials
Fabric quantity
Leather 1.50 279.60
Cotton 1.50 251.64
Polyester 1.50 267.61
Geena-Lining 1.50 25.96
Zipper-Pocket 3.00 9.99
Zipper-Jacket 1.00 27.96
Metal Buckle 2.00 5.99
String 0.50 1.50
Metal Ring 6.00 3.99

Freight In
Direct Labor
Cutter
Seamstress
Factory Overhead
Indirect Materials
Plastic Package
Production Tools
Clothing label
Factory Rent
Maintenance COst
Employees Benefits
Sanitation Supplies
Utilities
Water 4,868.56
Vehicle 18,750.00 3,750.00
Furniture and Fixture 1,017.86
Cost Per Piece

Office Rent
Sanitation Supplies
Water
Electricity
Office Equipment
vehicle 150,000.00
Transportation Cost
SELLING EXPENSES
Rent
Warehouse
Store
Sanitation Supplies
Utilities
Store
Depreciation Expe Furniture and Fixture

Store Equipment
Vehicle 150,000.00
Salaries
Employee Benefits
Insurance Expense
Freight Out Assumption 9 month working
Marketing
Packaging
35,957.38
3,852.58
2019 2020 2021 2022
1992 1992 3000 3012
40 40 60 60
1952 1952 2940 2952
260 305 4 335
2212 2257 2944 3287
1907 2254 2609 2973
305 4 335 314
DEMAND OTHERS: MARKET GAP Age brackeWILLING 2target marANNUAL DEMAND
87308
88434
89575 0.59000 36726 0.48 0.89 0.1 ###
90731 0.59000 37200 0.48 0.89 0.12 ###
91902 0.59000 37680 0.48 0.89 0.14 ###
93087 0.59000 38166 0.48 0.89 0.16 ###
94288 0.59000 38658 0.48 0.89 0.18 ###
2021
2940 purchases 2945
2,609
Statement of Comprehensi
Mark-up 1.36
Amount Cost Total Sales
419.39 Cost of Goods Sold
377.45 Gross Profit
401.42 399.42 Admin&Selling Expenses
38.94 Income Before Tax
29.96 Income Tax Expense
27.96 Income After Tax
11.98
0.75
437.04 30% mark up
23.97 532.98
6,683.46 2.27 2.27
50.64 439.32 Factory Overhead
202.56 253.20 Production Tools
Factory Rent
Employees Benefits
Freight In
0.41 Insurance for Employees (500/p
1,210.25 5.00 Utilities Water
61.84 Electricity
181,800.00 2.85 Depreciation Expense
8,387.87 18.88
55,515.60
0.21
631.05 0.85
2,500.00
2,921.14 17.54
48,638.89
483.67
4.03 114
11,834.77 806
9,048.25
90,900.00
549.21
15,588.00
1,947.42
4,868.56 24,319.44
81,064.81
9,814.90
3,187.77
3,750.00 247,036.72
18,750.00 87,931.72
30,300.00
169,680.00
499.28
8,106.48
81,064.81 46,795.57
2,409.83
4,308.93
11,250.00
18,750.00
148,879.11
13,136.40
500.00
26,733.82
59,274.28
32,104.80 553,978.50
801,015.21
Capacity
Desired Production
Inefficiency
Actual capacity
Beginning inv
Total
Sold/Demand
End Inv
CAPACITY YEAR POPULATION
2015 86196
2016 87308
2017 88434
1,866.00 2/head 2018 89575
1,992.00 2/head 2019 90731
1,992.00 2/head 2020 91902
3,000.00 3/head 2021 93087
3,012.00 3/head 2022 94288
Annual Production
Annual Demand
tatement of Comprehensive Income Cost Per Piece

1,449 Raw Materials
3,742,637 Fabric quantity
2,103,703 Leather 1.50
1,638,934 Cotton 1.50
801,015 Polyester 1.50
837,919 Geena-Lining 1.50
251,376 Zipper-Pocket 3.00
586,543 Zipper-Jacket 1.00
Metal Buckle 2.00
String 0.50
Metal Ring 6.00

Freight In
Direct Labor
585.72 Cutter
181,800.00 Seamstress
55,515.60
6,683.46 Factory Overhead
631.05 Indirect Materials
2,500.00 Plastic Package
2,921.14 Production Tools
48,638.89 Clothing label
11,834.77 Factory Rent
311,110.61 Maintenance COst
Employees Benefits
Sanitation Supplies
Utilities
Water
Electricity
Vehicle 18,750.00
Cost Per Piece

Office Rent
Sanitation Supplies
Water
Electricity
Office Equipment
vehicle
Transportation Cost
SELLING EXPENSES
Rent
Warehouse
Store
Sanitation Supplies
Utilities
Elect Warehouse
Store
Depreciat Furniture and Fixture

Store Equipment
Vehicle
Salaries
Employee Benefits
Insurance Assumption 9 month working
Freight Out
Marketing
95.00
2018 2019 2020 2021 2022
1866 1992 1992 3000 3012
37 40 40 60 60
1829 1952 1952 2940 2952
0 260 305 4 335
1829 2212 2257 2944 3287
1569 1907 2254 2609 2973
260 305 4 335 314
DEMAND OTHERS: MARKETGAP Age bracket WILLING 2target mar
1
1.012901244050 87308
1.012901244050 88434
1.012901244050 89575 0.59000 36726 0.48 0.89 0.1
1.012901244050 90731 0.59000 37200 0.48 0.89 0.12
1.012901244050 91902 0.59000 37680 0.48 0.89 0.14
1.012901244050 93087 0.59000 38166 0.48 0.89 0.16
1.012901244050 94288 0.59000 38658 0.48 0.89 0.18
2022
nual Production 2952 purchases 2957
nual Demand 2,973
Stat
Mark-up
Amount Cost Total Sales
291.34 437.01 Cost of Goods Sold
262.20 393.31 Gross Profit
278.85 418.28 416.20 Admin&Selling Expenses
27.05 40.58 Income Before Tax
10.40 31.21 Income Tax Expense
29.13 29.13 Income After Tax
6.24 12.49
1.56 0.78
433.18 30% mark up
4.16 24.97 555.36
6,964.16 2.36 2.36
435.54 Factory Overhead
52.56 263 Production Tools
210.22 Factory Rent
Employees Benefits
Freight In
1,261.08 0.43 Insurance for Employees (500/perso
5.00 Utilities Water
181,800.00 61.59 Electricity
8,740.16 2.96 Depreciation Expense
67,890.00 23.00
657.55 0.22
s (500/person) 2,500.00 0.85
5,073.04 3,043.82
84,469.54 50,681.72 18.20
7,066.91 449.11
3,750.00 118
1,017.86 11,834.77 4.01 817
9,432.11
90,900
572.27
15,588.00
5,073.04 2,029.22
84,469.54 25,340.86
9,814.90
3,187.77
150,000.00 18,750.00 3,750.00
91,624.86 252,239.99
30,300.00
169,680.00
520.25
84,469.54 8,446.95
48,760.98
2,409.83
4,308.93
150,000.00 18,750.00 11,250.00
155,132.03
13,578.00
500.00
27,856.64
61,763.80 566,805.25
32,297.83 819,045.23
36,173.57
3,875.74
ANNUAL DEMAND CAPACITY
### 1,866.00 2/head

### 1,992.00 2/head
### 1,992.00 2/head
### 3,000.00 3/head
### 3,012.00 3/head

1.36 1,499
4,411,962
Gross Profit 1,987,793
Income Before Tax 1,168,748
Income Tax Expense 350,624
Income After Tax 818,124
30% mark up
Factory Overhead
610.32
181,800.00
es Benefits 67,890.00
6,964.16
657.55
e for Employees (500/person) 2,500.00
Water 3,043.82
tion Expense 11,834.77
325,982.34
Capacity
Cost Per Piece

Raw Materials
Fabric
Leather
Cotton
Polyester
Geena-Lining
Zipper-Pocket
Zipper-Jacket
Metal Buckle
String
Metal Ring
Freight In
Direct Labor
Cutter
Seamstress
Factory Overhead
Indirect Materials
Plastic Package
Clothing label
Production Tools
Maintenance Cost
Employees Benefits
Sanitation Supplies
Factory Rent
Utilities
Water
Electricity
Vehicle
Cost Per Piece

Sanitation Supplies
Office Rent
Water
Electricity
Office Equipment
vehicle
Transportation Cost
SELLING EXPENSES
Rent
Warehouse
Store
Sanitation Supplies
Store Tools
Utilities
Store
Depreciation Expense Furniture and Fixture

Store Equipment
Leasehold Improvement
Vehicle
Salaries
Employee Benefits
Insurance Expense
Freight Out
Advertising
Packaging
toll
maintenace
2018 2019
Desired Production 1866 1992
Inefficiency 37 40
Actual capacity 1829 1952
Beginning inv 0 260
Total 1829 2212
Sold/Demand 1569 1907
End Inv 260 305
YEAR POPULATIONAVERAGE ANNUAL GROWTH RATEDEMAND
2015 86196 1
2016 87308 1.012901244050 87308
2017 88434 1.012901244050 88434
2018 89575 1.012901244050 89575
2019 90731 1.012901244050 90731
2020 91902 1.012901244050 91902
2021 93087 1.012901244050 93087
2022 94288 1.012901244050 94288
2018
Annual Production 1829
Annual Demand 1,569
quantity Amount
1.50 250.00 375.00
1.50 225.00 337.50
1.50 239.29 358.93
1.50 23.21
3.00 8.93
1.00 22.32
2.00 5.36
0.50 1.34
6.00 3.57
5,976.00
6,585.00
2,500.00
7,500.00
58,302.00
1,834.82
300,000.00 180,000.00
4,353.21 2,611.93
72,483.96 43,490.38
7,066.91
18,750.00 3,750.00
1,017.86 11,834.77
300,000.00
4,353.21
72,483.96
150,000.00 18,750.00
300,000.00
72,483.96
150,000.00 18,750.00
19,201.14
21,505.28
2,304.14
2020 2021 2022
1992 3000 3012
40 60 60
1952 2940 2952
305 4 335
2257 2944 3287
2254 2609 2973
4 335 314
OTHERS: MARKET SHARE GAP Age bracket WILLING 2
0.59000 36726 0.48 0.89

0.59000 37200 0.48 0.89
0.59000 37680 0.48 0.89
0.59000 38166 0.48 0.89
0.59000 38658 0.48 0.89
2018
purchases 1879
Cost Total
357.14
34.82
26.79
22.32
10.71
0.67
-
21.43 473.88 477.15
3.27 476.88
72.80
291.18 363.98
2.00
5.00
3.60
1.37
4.10
31.88
1.00
98.43
25.21
314,658.90
20%
6.47 179.07
1,020.20
12,696.70
1,562.50
90,000.00
15,588.00 mali un tele dapat exclusive to

1,741.29
21,745.19
9,814.90
3,187.77 20%
3,750.00
78,624.00 238,710.35
30,000.00
168,000.00
2,510.71
3,373.00
7,248.40
41,842.18
1,070.54 mali kasi nadoble sa LHI

4,308.93
1,339.29
11,250.00 17,968.75
17,968.75
133,120.00
11,660.40
500.00
23,904.00
53,000.00
19,201.14 512,328.58
769,007.68
target market share ANNUAL DEMAND CAPACITY
0.1 ### 1,866.00 2/head

0.12 ### 1,992.00 2/head
0.14 ### 1,992.00 2/head
0.16 ### 3,000.00 3/head
0.18 ### 3,012.00 3/head

Mark-up 1.36 1,299
Sales 2,038,040
Gross Profit 437,419
Income Before Tax (331,589)
Income Tax Payable
Income After Tax (331,589)
30% mark up
2018
Factory Overhead
factory rent 180,000.00 98.43

Production Tools 6,585.00 3.60
Employees benefits 58,302.00 31.88
Maintence Cost 7,500.00 4.10
Sanitation Supplies 1,834.82 1.00
Insurance 2,500.00 1.37
Utilities 2,611.93
43,490.38 25.21
Depreciation Expense 11,834.77 6.47
314,658.90 314,658.90
60%
EI
Office
Equipment
Particulars Quantity Purchase Price in (Php) VAT Inclusive
Room Air Conditioner 1 14,999.00 14,999.00
Printer/Scanner/Photocopying 1 5,950.00 5,950.00
Laptop 3 18,499.00 55,497.00
Oven with coffee maker 1 2,042.00 2,042.00
Water Dispenser 1 4,490.00 4,490.00
Total 82,978.00

Particulars Quantity Purchase price (in ₱ ) VAT Inclusive
Long Desk 1 11,800.00 11,800.00
Managing Partner's Table 1 4,270.00 4,270.00
Swivel Chair 5 2,800.00 14,000.00
Office Visitor Chair 2 1,350.00 2,700.00
Filing Cabinet 1 2,933.00 2,933.00
Inclusive of VAT 35,703.00
Office Supplies
Particulars Quantity Purchase Price
VAT Inclusive
Pens 40 14.75 590.00
Pencils (pack of 5) 9 65.75 591.75
Pen holder 4 150.00 600.00
Desktop Sharpener 1 494.75 494.75
Light Bulb 4 124.25 497.00
Fluorescent Lamp 2 587.00 1,174.00
Highlighters 5 36.75 183.75
Permanent Markers 5 49.50 247.50
Scissors 3 57.50 172.50
Paper clips (set of 121 pcs.) 2 80.00 160.00
Paper clip holder 1 110.00 110.00
Stapler 2 132.00 264.00
Staple wires (box of 1000) 10 9.00 90.00
Tape dispenser 2 160.00 320.00
Tape 6 24.75 148.50
Rubber bands (pack of 50) 2 19.75 39.50
Calculators 2 430.00 860.00
Desk Organizer 3 627.00 1,881.00
Envelopes 100 4.35 435.00
Sticky notes 15 29.00 435.00
Bond paper (ream of 500) 4 191.00 764.00
Printer ink 8 432.00 3,456.00
Folders 50 14.50 725.00
Desk Calendar 3 199.00 597.00
White Board (18x24 inc.) 1 599.00 599.00
Cork board (17x23 inc.) 1 519.75 519.75
White Board Marker 3 53.25 159.75
Pushpins (box of 30) 3 12.50 37.50
Total 16,152.25
Sanitation and Safety supplies

Particulars Quantity Purchase price (in ₱ ) VAT Inclusive
Tissue (10 rolls) 1 50.00 50.00
Fire Extinguisher 1 1,200.00 1,200.00
First Aid kit 1 500.00 500.00
Inclusive of VAT 1,750.00
VAT Exclusive Useful Life Depreciation
13,391.96 10.00 1,339.20
5,312.50 10.00 531.25
49,550.89 5.00 9,910.18
1,823.21 5.00 364.64
4,008.93 8.00 501.12
74,087.50 12,646.38
VAT Exclusive Useful Life Depreciation

10,535.71 10 1,053.57
3,812.50 10 381.25
12,500.00 10 1,250.00
2,410.71 10 241.07
2,618.75 10 261.88
31,877.68 3,187.77
Inflation
1.04
rate
2018
Purchase
Supplie Expense Quantity
VAT Exclusive Price
526.79 30.00 442.50 40 15.28
528.35 6.00 394.50 9 68.12
535.71 4.00 600.00
441.74 1.00 494.75
443.75 4.00 497.00 4 128.723
1,048.21 2.00 1,174.00
164.06 3.00 110.25 5 38.07
220.98 3.00 148.50 5 51.28
154.02 3.00 172.50
142.86 1.00 80.00 2 82.88
98.21 1.00 110.00
235.71 1.00 132.00
80.36 5.00 45.00 10 9.32
285.71 2.00 320.00
132.59 4.00 99.00 6 25.64
35.27 1.00 19.75 2 20.46
767.86 2.00 860.00
1,679.46 3.00 1,881.00
388.39 52.00 226.20 100 4.51
388.39 10.00 290.00 15 30.04
682.14 3.00 573.00 4 197.88
3,085.71 4.00 1,728.00 8 447.55
647.32 32.00 464.00 50 15.022
533.04 3.00 597.00 3 206.164
534.82 1.00 599.00
464.06 1.00 519.75
142.63 2.00 106.50 3 55.167
33.48 1.00 12.50 3 12.95
14,421.65 12,696.70 (beginning)
1,730.60
VAT Exclusive EXPENSE

44.64 OFFICE SUPPLIES Inventory
1,071.43
446.43
1,562.50
2019
Supplie Expense Quantity
VAT Inclusive VAT Exclusive
611.24 545.75 40
613.05 547.37 9
- -
- -
514.89 459.73 4
- -
190.37 169.97 5
256.41 228.94 5
- -
165.76 148.00 2
- -
- -
93.24 83.25 10
- -
153.85 137.36 6
40.92 36.54 2
- -
- -
450.66 402.38 100
450.66 402.38 15
791.50 706.70 4
3,580.42 3,196.80 8
751.10 670.63 50
618.49 552.23 3
- -
- -
165.50 147.77 3
38.85 34.69 3
(beginning)
9,486.91 8470.46 8156.33
1,724.95
10,195.41
ES Inventory 2019 2020 2021
beg 1,725 3,056 4,238
purchases 9,487 9,847 10,241
expenses 8,156 8,665 9,048
end 3,056 4,238 5,431
0.73 0.67 0.62

1.038
2020
Purchase Price Supplie Expense Quantity
VAT Inclusive VAT Exclusive
15.86 634.47 566.49 40
70.71 636.35 568.17 9
- -
133.61 534.46 477.19 4
- -
39.52 197.60 176.43 5
53.23 266.15 237.64 5
- -
86.03 172.06 153.62 2
- -
- -
9.68 96.78 86.41 10
- -
26.62 159.69 142.58 6
21.24 42.48 37.93 2
- -
- -
4.68 467.79 417.67 100
31.19 467.79 417.67 15
205.40 821.58 733.55 4
464.56 3,716.47 3,318.28 8
15.59 779.64 696.11 50
214.00 641.99 573.21 3
- -
- -
57.26 171.79 153.38 3
13.44 40.33 36.01 3
(beginning)
9,847.41 8792.33 8665.13
2,039.08
10,831.42
2022 1,055.08
5,431
10,671
9,432
6,670
0.59
1.04
2021
Supplie
Purchase Price Quantity
VAT Inclusive VAT Exclusive Expense
16.50 659.85 589.15 40
73.53 661.80 590.90 9
- -
138.96 555.84 496.28 4
- -
41.10 205.50 183.48 5
55.36 276.80 247.14 5
- -
89.47 178.94 159.77 2
- -
- -
10.07 100.65 89.87 10
- -
27.68 166.08 148.29 6
22.09 44.18 39.44 2
- -
- -
4.86 486.50 434.37 100
32.43 486.50 434.37 15
213.61 854.44 762.90 4
483.14 3,865.13 3,451.01 8
16.22 810.83 723.95 50
222.56 667.67 596.14 3
- -
- -
59.55 178.66 159.52 3
13.98 41.94 37.45 3
(beginning) (beginning)
10,241.31 9144.03 9048.25
2,166.28
11,310.31
1.042
2022
Supplie
Purchase Price
VAT Inclusive VAT Exclusive Expense
17.19 687.56 613.89
76.62 689.60 615.71
- -
144.80 579.18 517.13
- -
42.83 214.13 191.19
57.69 288.43 257.52
- -
93.23 186.46 166.48
- -
- -
10.49 104.88 93.64
- -
28.84 173.06 154.51
23.02 46.03 41.10
- -
- -
5.07 506.93 452.62
33.80 506.93 452.62
222.58 890.33 794.94
503.43 4,027.47 3,595.95
16.90 844.88 754.36
231.91 695.72 621.18
- -
- -
62.06 186.17 166.22
14.57 43.70 39.02
10,671.45 9528.08 9432.11

2,262.06
11,790.14
12,933.51
TABLES
Cash Paid for Salaries (with 13th month pay)
Cash Paid for Salaries Head Count 2018 2019 2020
Distribution Staff 1 128000 137733 142955

Cutter 1 128000 137733 142955
Seamstress 4 512000 535570 555905
TOTAL 768000 811035 841814
Cash Paid for Employee Benefits and WTH Taxes Payable
Cash Paid for EE Benefits 2018 2019 2020
SSS & EC 73260 83550 87510

PhilHealth 16500 18000 19650
HDMF 13200 14400 14400
TOTAL 102960 115950 121560
Cash Paid for WTH Tax 43298 50714 55952

WTH Taxes Payable 3936 4253 4700
Employee Benefits Payable
Employee Benefits Payable 2018 2019 2020
SSS & EC 6660 6990 7320

PhilHealth 1500 1500 1650
HDMF 1200 1200 1200
TOTAL 9360 9690 10170
ay)
2021 2022 Salaries each EE per month 2018 2019 2020
148656 154889 Distribution Staff 10240 10609 11012

148656 154889 Cutter 10240 10609 11012
578106 602376 Seamstress 10240 10609 11012
875418 912153
Salaries each EE per year 2018 2019 2020
s Payable
Distribution Staff 122880 127308 132144
2021 2022 Cutter 122880 127308 132144
Seamstress 122880 127308 132144
91470 95430
19800 19800 Salaries Payable Each Year 2018 2019 2020
14400 14400
125670 129630 Distribution Staff 5120 5305 5506
Cutter 5120 5305 5506
61972 68582 Seamstress 5120 5305 5506
5207 5761
EE Benefits per month 2018 2019 2020
SSS & EC 6660 6990 7320

2021 2022 PhilHealth 1500 1500 1650
HDMF 1200 1200 1200
7650 7980
1650 1650
1200 1200
10500 10830
10240
2021 2022
11452 11933
11452 11933
11452 11933
2021 2022
137424 143196
137424 143196
137424 143196
2021 2022
5726 5967
5726 5967
5726 5967
2021 2022
7650 7980
1650 1650
1200 1200

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2018 2019 2020 2021

Desired Production 1866 1992 1992 3000

Cost Per Piece 1020.20 967.57 976 769 772

2018 2019 2020 2021 2022

2018 2019 2020

Amount 2019 Amount 2020 Amount 2021 2022

Total Non-Current Asset 468,377.00

Liabilities and Partners' Capital

purchase of raw materialsinventory

Raw Materials Inventory (Indirect) 13153

DirectRM USED COGM 872763

IndirectRM USED COGM 12803

Office Supplies Inventory 14422

Office Supplies Expense 12697

Temporary Investment 450000

Depreciation Expense - production equipment 7066

Depreciation Expense - production F&F 1018

Depreciation Expense - STORE 1875

Interest Income 7541

Utilities Expense - store 41842

Utilities Payable - store 42958

Utilities Payable - warehouse 7442

Agustin, Drawings 15720

Agustin, Drawings 10000

production tools 6585

Rent Expense - store 168000

Maintenance Cost 7500

Sanitation Supplies Expense - selling 2511

Transportation Cost 78624

Store Tools Expense 3373

Salaries Expense - selling 133120

Salaries Expense - production 665,600

Insurance Expense - store 500

Advertising Expense 53000

Packaging Expense 19201

Freight Out 23904

Rent Expense - warehouse 30000

Sanitation Supplies Expense - office 1563

Utilities Expense - electricity office 21745

Utilities Payable - pre op 5452

Utilities Expense - electricity production 43490

Utilities Payable - production 47331

Insurance Expense - production 2500

Sanitation Supplies - production COGM 1835

VAT Payable 83941

24354.4 22324.87 22325

48708.8 48709 44649.7333333333 44650

Net Increase (Decrease) in Cash (317,491)

Cost of Goods Manufactured 1829

Diret Materials Used 872763 477.1804265 v

Liabilities and Partners' Capital

purchase of raw materialsinventory

Raw Materials Inventory (Indirect) 13734

DirectRM USED COGM 876251.00

IndirectRM USED COGM 13664

Office Supplies Inventory 8470

Office Supplies Expense 8156

Temporary Investment 430000

Depreciation Expense - production equipment 7066

Depreciation Expense - production F&F 1018

Depreciation Expense - STORE 1875

Interest Income 5696

Utilities Expense - store 43349

Utilities Payable - store 44505