Note 1

Projected Sales in Peso

2021 2022 2023 2024 2025
Direct Material Used/Unit 19.31 23.70 24.26 23.03 21.87
Labor Cost/Unit 7.46 6.78 6.22 5.53 4.97
Factory Overhead/ Unit 17.47 16.16 14.93 13.39 12.15
Total Cost/Unit 44.24 46.64 45.41 41.94 38.99
Markup to Retailers 21% 15% 19% 26% 31%
Selling Price - Retailers (VAT Exclusive) 53.57 53.57 53.57 53.57 53.57
Projected Sales in Units 23,520 26,342 28,694 32,222 35,750
Projected Sales in Peso (VAT Exclusive) 1,260,000.00 1,411,200.00 1,537,200.00 1,726,200.00 1,915,200.00
Selling Price - Retailers (VAT Inclusive) 60.00 60.00 60.00 60.00 60.00
Projected Sales in Units 23,520 26,342 28,694 32,222 35,750
Projected Sales in Peso (VAT Inclusive) 1,411,200.00 1,580,544.00 1,721,664.00 1,933,344.00 2,145,024.00

Note 2
Cost of Goods Sold
2021 2022 2023 2024 2025
Direct Materials Used 463,449.38 625,656.66 698,649.93 746,095.56 787,154.28
Direct Labor Used 179,040.00 179,040.00 179,040.00 179,040.00 179,040.00
MAnufacturing Overhead 325,508.54 334,577.45 339,245.56 344,147.09 349,293.69
Total Manufacturing Cost 967,997.92 1,139,274.10 1,216,935.50 1,269,282.65 1,315,487.97
Goods Available For Sale 967,997.92 1,139,274.10 1,216,935.50 1,269,282.65 1,315,487.97
Cost of Goods Sold 967,997.92 1,139,274.10 1,216,935.50 1,269,282.65 1,315,487.97
 Note 3
VAT Payable
2021 2022 2023 2024 2025
Output VAT 151,200.00 169,344.00 184,464.00 207,144.00 229,824.00
Input VAT 127,402.67 123,489.97 128,297.57 133,345.56 138,645.94
VAT Payable this Period 23,797.33 45,854.03 56,166.43 73,798.44 91,178.06
Add: VAT payable, beginning 23,797.33 45,854.03 56,166.43 73,798.44
Less: VAT Paid 23,797.33 45,854.03 56,166.43 73,798.44
VAT Payable 23,797.33 45,854.03 56,166.43 73,798.44 91,178.06

Note 4
Inventories
Ending Inventory 480 538 586 658 730
Total Cost 53.57 53.57 53.57 53.57 53.57
Amount, Ending Inventory 25714.29 28800.00 31371.43 35228.57 39085.71