COGS

increase in RM
decrease in goods in process inventory
decreased in finished goods inventory
RM purchased
DL payroll
Factory overhead
Freight out
Freight in

RM WIP
- 200,000.00
4,300,000.00 4,400,000.00 Total Manufactu 9,400,000.00 9,600,000.00
250,000.00

150,000.00 -

dl 2,000,000.00
dm 4,400,000.00
fo 3,000,000.00
9,400,000.00
 150,000.00
200,000.00
350,000.00
4,300,000.00
2,000,000.00
3,000,000.00
450,000.00 exp
250,000.00

FG
350,000.00
cost of goods ma 9,600,000.00 9,950,000.00 COGS

Total Manufacturing cost

DIRECT MATERIALS
inv beg -
purchases 4,300,000.00
freight in 250,000.00
4,550,000.00
less: end, inv 150,000.00
Direct materials used in production 4,400,000.00

Direct labor 2,000,000.00

Overhead 3,000,000.00
Total Manufacturing cost 9,400,000.00

add: Beg, WIP Inv 200,000.00

less: End, WIP Inv -
Cost of goods manufactured for the year 9,600,000.00

add: Beg, FG Inv 350,000.00

less: End, FG Inv -
COST OF GOODS SOLD 9,950,000.00
FAR03 NO.1
CIB, net overdraft 4000000+800000 4800000
A/R 7000000-2500000+700000 5200000
INV 4500000+2000000 6500000
FA FVPL 1000000 1000000
Prepaid Expenses 200000 200000
Equip, held for sale 2000000 2000000
19700000
NR 2500000-400000 2100000
21800000

2 3
2000000+200000 2200000 5000000
800000 8000000
2500000 6000000
300000 500000
1100000 6500000
600000 1800000
1500000 8300000
9000000

5 OTHER COMPUTATION
RE Beg 1000000
Sales 10000000 2000000
Exp 7800000 2200000 3000000
Div -700000 1000000
2500000 10000000
Preference share 2000000 -7800000
Ordinary share 3000000 -500000
Share premium 1000000 -700000
Treasury share -500000 1000000
8000000 8000000

NO.3
2,100,000.00 NI 70%
Add: 900,000.00 tax 30%
3,000,000.00 before tax 100%
Add: 600,000.00 int ep
2,400,000.00 opex
6,000,000.00 GP
12,000,000.00 sales
7,200,000.00 purchases
 i.
ii. 20%
OPEX
40%

EXAMPLE
4800000 machine
480000 dep year 1
2 double declining
960000 960000
3840000
768000

NO,7
cv 1/1/2019 5000000
Dep 2019 1000000
cv 1/1/2020 4000000
Dep 2020 800000
cv 1/1/2021 3200000
RV 200000
cv 2021 3000000
REMAINING LIFE 8
DEP 2021 375000
CARRYING AMOUNT OF THE MACHINE. 2021
2825000
 4
1250000
1750000
3000000

FAR04 NO.1
G&A SE Finance Other Exp Inventory
1700000
1200000 1200000
500000
2100000
350000
1750000
1600000
1500000
850000
2150000
1000000
I & II 5250000 5450000 2100000 1350000 1750000

Sales 100%
COGS 50.0%
25% of GP (GP is 50% of sales) GP 50.0%
5% of sales less: OPEX 20%
20% of sales Int Exp 5%
50% Inc before tax 25%
less: TAX 30%
Inc after Tax
 kung ang OPEX ay 20%
lang ng Sales at 40%
sya ng COGS, I assume
na ang COGS ay HALF
of sales 2400000 COGS= of SALES.
of COGS 2400000
COGS= 20% 50.0%
40%

NO.6
CV of the machine 1/1/18
useful life
Depreciation 2020 (*3 = '18, '19, '20)

CV of the machine 1/1/18

less: Dep 2020
SL 10% less: Residual Value
Dd 20% Carrying amount 2020

Remaining useful life

SL Method 8
less: 3 years nagdaan 3
3200000
375000 2021, determined, 6 years useful life from the date of acquisiti
2825000 =2
=3

Carrying amount 2020

DIVIDED BY: Useful life
Depreciation 2021

Depreciation 2020 (*3 = '18, '19, '20)

Depreciation 2021
ACCUMULATED DEPRECIATION, 2021
 same, no diff

12000000
-6000000
6000000
-2400000
-600000
3000000 100%
900000 30%
2100000 70%
 5280000
8
1980000

5280000
1980000
480000
2820000

5 remaining useful life

ful life from the date of acquisition(so, from 8 years less 6)

eto yung ileless mo sa natitirang useful life ng asset na 5
eto na ang gagamitin as REMAINING USEFUL LIFE

2820000
3
940000

1980000
940000
2920000
 FG
Beg, inv 6000000 cogs
purch 7200000

end, inv 1200000

FAR 5 No. 1
1.1 7/1/2021 Carrying Value of NCA 5,000,000.00
Less: Fair Value 3,500,000.00
Cost of Disposal 100,000.00 3,400,000.00
Impairment Loss 1,600,000.00 a.

1.2 7/1/2021 Carrying Value of NCA 5,000,000.00

Less: Impairment Loss 1,600,000.00
FV 3,400,000.00
Less: Proceeds on sale of NCA 2,500,000.00
Loss on disposal 900,000.00 d.

FAR 5 No. 2
2.1 Cost 1/1/21 5,000,000.00
Useful life 5
Depreciation 1,000,000.00
Less to cost 1/1/21 5,000,000.00
CV of Equip before classification as held for sale 4,000,000.00 b.

2.2 Cost 1/1/21 5,000,000.00

Less: Dep 1,000,000.00
Less: FV less cost of Disposal 3,500,000.00
Impairment Loss 500,000.00 c.

2.3 Cost 1/1/21 5,000,000.00

Less: Dep, for 2 years, 2021, 2022 2,000,000.00
Carrying Amount no classification as held for sale 12/31/22 3,000,000.00
Compare to FV Less Cost of Disposal, 12/31/22 2,700,000.00
w/c ever is lower, 2,700,000.00
Less: Carrying Amount per book 3,500,000.00
(800,000.00) loss

2.4 Carrying Amount 12/31/2022 2,700,000.00

Less: Depreciation (2700000/3 yrs remaining) 900,000.00
Adjusted Carrying Amount, 12/31/2023 1,800,000.00 b.

FAR 5 No. 3
b.