1 00:00:00,00 --> 00:00:23,300 Cost Accounting Cycle, so bago tayo magproceed sa problem solving under Cost Accounting Cycle, pagkumparahin muna natin yung operating cycle ng merchandising at manufacturing. 2 00:00:34,000 --> 00:00:50,500 Sa operating cycle ng Merchandising... Basically kapag merchandising-buy and sell. Bibili ng inventory, then ibebenta sa customers. 3 00:00:50,600 --> 00:01:27,700 So start at cash then yung cash gagamitin pambili ng merchandise inventory so to record yung acquisition ng merchandise inventory, debit merchandise inventory, credit cash. 4 00:01:27,800 --> 00:01:43,200 Then itong merchandise inventory na ito is yung inventory na ibebenta sa customers (symbolized by A/R) 5 00:01:43,300 --> 00:01:58,400 So to record yung sale ng inventory to customers, debit A/R, credit Sales. And debit COGS and credit merchandise inventory. 6 00:01:58,500 --> 00:02:08,100 Siyempre yung A/R from sale of inventory is makokolekta. 7 00:02:08,200 --> 00:02:24,400 Magiging cash din siya so to record the collection,debit cash, credit A/R. 8 00:02:24,500 --> 00:02:32,200 Paano naman kapag manufacturing? 9 00:02:32,300 --> 00:02:43,900 Kapag merchandising, yung inventory na binebenta mo sa customers mo is binibili mo lang siya. Kumbaga buy inventory and sell inventory. 10 00:02:44,000 --> 00:03:06,500 Kapag manufacturing, yung inventory na binebenta mo sa customers mo is ikaw mismo yung gumagawa- ikaw mismo yung bumubuo ng inventory. Ikaw mismo yung gumagawa ng product na imamanifacture mo sa customers mo. 11 00:03:06,600 --> 00:03:40,200 So yung operating cycle ng manufacturing- so start ulit tayo sa Cash. Then yung cash na yon is- siyempre para makabuo/manufacture ka ng product is kakailanganin mo ng inventory-yung tinatawag na raw materials inventory. 12 00:03:40,300 --> 00:04:01,700 So to record the acquisition of raw materials, debit Raw Materials Inventory,credit Cash. 13 00:04:01,800 --> 00:04:50,100 Siyempre yung raw materials mo, yan ay gagamitin mo para makabuo ka ng product so yung raw materials inventory mo malilipat na siya sa tinatawag na Work in process Inventory/Goods in Process. 14 00:04:50,200 --> 00:04:59,500 So ano ba yung mga kailangan mo para makabuo ka ng product? Siyempre kailangan mo ng raw materials. 15 00:04:59,600 --> 00:05:15,300 So to record yung transfer ng raw materials para makabuo ka ng product which is dadaan muna siya sa work in process is debit Work in Process, credit Raw Materials Inventory. 16 00:05:15,400 --> 00:05:23,100 Kasi nga yung raw materials mo, ginamit mo na siya para makabuo ng product. 17 00:05:23,200 --> 00:05:34,300 So ano pa yung kailangan para makabuo ka ng product/finished goods? 18 00:05:34,400 --> 00:05:47,800 So kakailanganin mo rin ng manpower para gumawa mismo ng product mo. 19 00:05:47,900 --> 00:06:03,800 Siyempre yung manpower na yun, meron siyang cost which is yung compensation/sweldo. 20 00:06:03,900 --> 00:06:17,700 Yan yung tinatawag na Direct Labor Cost. 21 00:06:17,800 --> 00:06:35,300 So to record yung Direct Labor Cost, debit Work In Process, credit Cash. 22 00:06:35,400 --> 00:07:06,300 Siyempre, kailangan mo rin yung tinatawag nating Factory Overhead (FOH) wherein ito yung mga cost na related sa pagmamanufacture ng product mo which is hindi siya under ng raw materials at hindi direct labor. 23 00:07:06,400 --> 00:07:23,900 So to record yung Factory Overhead, debit Factory Overhead Control, credit Cash or any appropriate account. 24 00:07:24,000 --> 00:07:43,200 So napansin mo, mas marami yung entries for manufacturing. 25 00:07:43,300 --> 00:07:57,300 Siyempre yung Work in Process mo magiging finish goods yan-matatapos yan sa lahat ng proseso na kailangan para makabuo ko ng product. 26 00:07:57,400 --> 00:08:24,000 So yung work in process mo, magiging finish goods. Kung 100% tapos na yung product, mapupunta siya sa Finished Goods Inventory. 27 00:08:24,100 --> 00:08:56,400 So to record yung pagtransfer ng inventory from Work in Process to Finished Goods, debit Finished Goods Inventory, credit Work in Process- mababawasan yung Work In Process. 28 00:08:56,500 --> 00:09:03,200 Itong "Finished Goods Inventory" yung ibebenta na sa mga customers mo. So itong Finished Goods Inventory magiging A/R. 29 00:09:03,300 --> 00:09:08,100 Kasi ito (FGI) yung ibebenta sa customers mo so 30 00:09:08,200 --> 00:09:25,100 To record the sale, debit AR, credit Sales, debit COGS, credit Finished Goods Inventory. 31 00:09:25,200 --> 00:09:34,400 Siyempre yung AR din macocollect sa future time so debit Cash, credit AR. 32 00:09:34,500 --> 00:10:20,500 Review... 33 00:10:20,600 --> 00:11:12,000 The ones encircled will be used to the problem we are about to solve.