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Asistensi 2
Asistensi 2
Asistensi 2
Anthony Company uses a perpetual inventory system. It entered into the following purchases
and sales transactions for March.
1) Compute cost of goods available for sale and the number of units available for sale
2) Compute the number of units in ending inventory
3) Compute the cost assigned to ending inventory using a :
A. FIFO
B. LIFO
C. Weighted - Average
D. Specific identification (round per unit costs to three decimals, but inventory
balances to the dollar). For specific identification, the March 9 sale consisted of 40
units from beginning inventory and 170 units from the March 5 purchase; the March
29 sale consisted of 20 units from the March 18 purchase and 60 units from the
March 25 purchase
4) Compute Gross Profit earned by the company for each of the 4 costing methods in
part 3
Nomer 2
Nomer 3
On December 31, 2019 showed that Garza has merchandise with a cost of 441000 was on
hand at that date. You also discover in following item were all excluded from 441000
Based on information above, calculate amount that should appear on Garza's Statement
of Financial position December 31 2019 for Inventory
Nomer 4
2018 2019 2020
Sales Revenue 290000 ? 410000
Sales Return and Allowances 6000 13000 ?
Net Sales ? 347000 ?
Beginning Inventory 20000 32000 ?
Ending Inventory ? ? ?
Purchase ? 260000 298000
Purchase Return and Allowances 5000 8000 10000
Freight In 8000 9000 12000
COGS 238000 ? 303000
Gross Profit on Sales 46000 91000 97000
Nomer 5
Units Units Selling
Date Transaction Units In Cost Total Sold Price Total
1-Jul Balance 100 $ 4.10 $ 410.00
6-Jul Purchase 800 $ 4.30 $ 3,440.00
7-Jul Sale 300 $ 7.00 $ 2,100.00
10-Jul Sale 300 $ 7.30 $ 2,190.00
12-Jul Purchase 400 $ 4.51 $ 1,804.00
15-Jul Sale 200 $ 7.40 $ 1,480.00
18-Jul Purchase 300 $ 4.60 $ 1,380.00
22-Jul Sale 400 $ 7.40 $ 2,960.00
25-Jul Purchase 500 $ 4.58 $ 2,290.00
30-Jul Sale 200 $ 7.50 $ 1,500.00
TOTALS 2100 $ 9,324.00 1400 $ 10,230.00
A) Assuming that the periodic inventory method is used, compute the inventory cost at
July 31 under each of following cost flow assumptions
1. FIFO
2. Weighted - Average
B) Which of the methods used above will yield the highest figure for gross profit for
the income statement? Explain why!
C) Which of the methods used above will yield the highest figure for ending Inventory
for the statement of financial position? Explain why!