PROBLEM NO. 4 - La Cost Company

Requirement No. 1Selling price (4,000 shares x P69) 276,000 CA of shares sold (P528,250 x 4/8) (264,125) Gain on sale of Totoy Bibo shares 11,875

Requirement No. 2Selling price (4,000 shares x P62) 248,000 Cost of shares sold (P590,000 x 4/10) (236,000) Gain on sale of Bulaklak shares 12,000

Requirement No. 3Yeye Bonel [(10,000+ 3,000) x P76.60] 995,800 Totoy Bibo [(8,000 - 4,000) x P68.50] 274,000 Pasaway (15,000 x P55.25) 828,750 Mayniladlad 205,550 Total fair value - Trading securities 2,304,100

Bulaklak Inc. [(10,000 - 4,000) x P61] 366,000 Jumbo Hotdog (20,000 x P27) 540,000 Total fair value - AFS 906,000