Contoh Soal&Jawaban Finon.docx

# Contoh Soal&Jawaban Finon.docx - 1 Sandoval Appliance...

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1. Sandoval Appliance Mart began operations on March 1, 2017. It uses a perpetual inventory system. During March the company had the following purchases and sales for its Model 25 Sureshot camera. Date Purchase Sale Unit Unit cost Unit Selling Price MARCH 1 7 \$ 150 4 4 \$ 210 8 8 \$ 170 9 -1 12 5 \$ 220 15 6 \$ 185 20 3 \$ 225 25 4 \$ 225 26 -1 Instructions: a. Determine the ending inventory under a perpetual inventory system using LIFO and Moving Average Cost. b. Which costing method produce the highest ending inventory valuation and the lowest ending inventory valuation? Answer: a. LIFO Date Purchase Cost of Goods Sold inventory Uni t Unit cost Total Cost Uni t Unit cost Total Cost Uni t Unit cost Total Cost MARCH 1 7 150 1050 7 150 1050 4 4 150 600 3 150 450 8 8 170 1360 3 150 450 8 170 1360 9 -1 170 -170 3 150 450 7 170 1190 12 5 170 850 3 150 450 2 170 340 15 6 185 1110 3 150 450 2 170 340 6 185 1110 20 3 185 555 3 150 450 2 170 340 3 185 555 25 1 170 170 3 150 450 3 185 555 1 170 170 26 -1 185 -185 3 150 450 1 170 170 1 185 185 Average

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Date Purchase Cost of Goods Sold inventory Uni t Unit cost Total Cost Uni t Unit cost Total Cost Uni t Unit cost Total Cost MARCH 1 7 150.00 1,050.0 0 7 150.00 1,050.00 4 4 150.0 0 600.00 3 150.00 450.00 8 8 170.00 1,360.0 0 11 164.55 1,810.00 9 -1 170.00 (170.00 ) 10 164.00 1,640.00 1 2 5 164.5 5 822.73 5 164.00 820.00 1 5 6 185.00 1,110.0 0 11 175.45 1,930.00 2 0 3 175.4 5 526.36 8 175.45 1,403.64 2 5 4 175.4 5 701.82 4 175.45 701.82 2 6 -1 175.4 5 (175.4 5) 5 175.45 877.27 b. LIFO Total Inventory = \$ 10410 Average Total Inventory = \$ 10682,73 Average Method higher than LIFO Method 2. The cash account for XYZ company at March 1, 2017, indicated a balance of \$ 16,911.95. During February, the total cash deposited was \$ 65,500,40 and checks written totaled \$ 68,127.47. The bank statement indicated a balance of \$ 18,088.45 on February 27, 2017. Comparing the bank statement, the canceled checks, and the accompanying memorandums with the records revealed the following reconciling items: (Rekening kas untuk perusahaan XYZ pada tanggal 1 Maret 2017, menunjukkan saldo sebesar \$ 16,911.95. Selama bulan Februari, total uang yang disetorkan adalah \$ 65.500,40 dan cek tertulis mencapai \$ 68,127.47. Pernyataan bank tersebut menunjukkan adanya saldo sebesar \$ 18.088,45 pada tanggal 27 Februari 2017. membandingkan pernyataan bank, cek yang dibatalkan, dan memorandum yang menyertainya dengan catatan mengungkapkan item rekonsiliasi berikut ini:) a. Checks outstanding totaled \$ 5,180.27 (Cek beredar mencapai \$ 5.180,27) b. A deposit of \$ 3,481.70 representing receipts of Februari 28, had been made too late to appear on the bank statement.
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