Sales 1,205,050 Salaries and Wages

Cost of sales 448,976 SSS, PhilHealth, and Pag-ibig

Gross Profit 756,074 Rent Expense
Operating Expenses 696,419 Supplies
Income before Int. & Taxes 59,656 Percentage
Interest Expense 7,521 Utilities
Income Before Tax 52,135 Marketing and Promotion
Income Tax 15,640 Taxes and Licences
Net Income 36,494 Depreciation
250,400
39,912
120,000
5,000
36,152
108,000
20,000
4,275
112,680
696,419
Direct Materials
Materials Inventory, beg. 10,000.00 110
Net Purchases 208,408.00 313
Material inventory for use 218,408.00 35
Materials Inventory, End (2,500.00) 1,205,050.00
Indirect Material used (8,568.00) (11,068.00)
Direct Material used 207,340.00 10,955
Direct Labor 162,760.00
Factory Overhead 175,280.00
Total Manufacturing Overhead 545,380.00
Work in process, beg. 120,505.00
Total cost to account for 665,885.00
Work in process, end. (180,757.50)
Cost of goods manufactured 485,127.50
Finished goods, beg. 36,151.50
Cost of goods available for sale 521,279.00
Finished goods, end. (72,303.00)
Cost of goods sold 448,976.00
Cash on hand 48,695
Cash in bank 100,000
Petty cash fund 5,000
Cash 153,695

Inventory 14,966 14,966

Supplies

Prepaid Rent 20,000 20,000

Vehicle-Motorcycle 25,000
Acc. Dep. (5,000) 20,000

Refractometer 1,700
Juice Extractor 3,900
Stove 3,450
Acc dep (1,810) 7,240

Cabinet 3,100
Shelves 2,500

Table 7,300
Acc. dep. (2,580) 10,320

TOTAL ASSETS 226,221

Interest Payable 2,622

Witholding Tax Payable 500
Percentage Tax Payable 36,152
SSS, Pag-Ibig &PhilHealth 5,616
Income Tax Payable 15,640
Loan Payable 100,000
Utilities Payable 9,000

TOTAL LIABILITY 169,530

Owner's, Capital 56,494

TOTAL EQUITY 56,494

TOTAL LIAB. & EQUITY 226,024

(197)
Owner's Equity, beg. 20,000
Add: Investment
Income 36,494
Total 56,494
Less: Withdrawals
Owner's Equity, end. 56,494
Cash Flow from operating activities:
Cash received from customer 1,205,050
Less: Cash payment for purchases merchandise 463,942
Cash payment for operating expenses 559,464
Net cash provided by operating activities 181,645

Cash flow from investing activities:

Cash paid for vehicle 25,000
Cash paid for transportation and equipment 9,050
Cash paid for furniture and fixture 12,900
Net cash used for investing activities 46,950

Cash flow from financing activities:

Initial Capital investment 19,000
Withdrawals
Net Cash Flow provided financing activities

NET CASH FLOW 153,695

Cash, beginning
Cash, Ending