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Inventories ii.pdf
1. This document discusses several methods for valuing inventory, including lower of cost or market, net realizable value, and retail inventory method. 2. The retail inventory method estimates ending inventory cost by applying the cost to retail ratio from beginning inventory to ending retail value of inventory. 3. Analyzing inventory involves calculating metrics like inventory turnover and number of days sales in inventory to measure how efficiently inventory is managed.
Inventories ii.pdf
- 1. INVENTORIES 14-05-14 1 1. LOWEROF COST OR MARKET MENILAI INVENTORIES DENGAN METODE MANA YANG LEBIH RENDAH HARGA POKOK ATAU HARGA PASAR COMMODITY INVENTORY UNIT COST PRICE UNIT MARKET PRICE TOTAL COST MARKET LOWER OF C OR M A B C D TOTAL 400 120 600 280 10,25 22,50 8,00 14,00 9,50 24,10 7,75 14,75 4.100 2.700 4.800 3.920 15.520 3.800 2.892 4.650 4.130 15.472 3.800 2.700 4.650 3.920 15.070 2. VALUATION AT NET REALIZABLE VALUE SELLING PRICE – DIRECT SELLING EXPENSE 3. MERCHANDISE INVENTORY IN BALANCE SHEET METRO ARTS BALANCE SHEET DECEMBER 31,2007 ASSETS CURRENYT ASSETS : CASH ACCOUNT RECEIVABLE LESS ALLOWANCE FOR DOUBTFUL ACCOUNTS MERCHANDISE INVENTORY-AT LOWER OF COST (FIFO) OR MARKET 80.000 3.000 19.400 77.000 216.300 4. ESTIMATING INVENTORY COST (JIKA TERJADI BENCANA) A. RETAIL INVENTORY METHOD (METODE PERSEDIAAN ECERAN) COST RETAIL MERCHANDISE INVENTORY, JANUARY 1……………… PURCHASE IN JANUARY (NET)…………………………………… MERCHANDISE AVAILABLE FOR SALE…………………… RASIO OF COST TO RETAIL PRICE : 62.000 = 62 % 100.000 19.400 42.600 62.000 36.000 64.000 100.000
- 2. INVENTORIES 14-05-14 2 SALES FORJANUARY (NET)………………………………………… MERCHANDISE INVENTORY, JANUARY 31, AT RETAIL MERCHANDISE INVENTORY, JANUARY 31,AT ESTIMATED COST (30.000 X 62%)…………………………………………………………. 70.000 30.000 18.600 B. GROSS PROFIT METHOD OF ESTIMATING INVENTORIES METODE LABA KOTOR UNTUK PENGESTIMASIAN PERSEDIAAN MERCHANDISE INVENTORY, JANUARY 1………………………………… PURCAHSE IN JANUARY (NET)……………………………………………………… MERCHANDISE AVAILABLE FOR SALE……………………………………… SALES IN JANUARY (NET)……………………………………………………………… LESS ESTIMATED GROSS PROFIT (250.000 X 30 %)………… ESTIMATED COST OF MERCHANDISE SOLD………………………… ESTIMATED MERCHANDISE INVENTORY, JANUARY 31…. 250.000 75.000 57.000 180.000 237.000 175.000 62.000 COST OF MERCHANDISE SOLD = BEGINNING MERCHANDISE INVENTORY + NET PURCHASE – ENDING MERCHANDISE INVENTORY 5. FINANCIAL ANALYSIS AND INTERPRETATION INVENTORY TURNOVER =MENGUKUR HUBUNGAN ANTARA VOLUME BARANG DAGANG YG DIJUAL DENGAN JUMLAH PERSEDIAAN YG DIMILIKI SELAMA PERSEDIAAN = COST OF MERCHANDISE SOLD AVARAGE INVENTORY NUMBER OF DAYS SALES IN INVENTORY = LAMANYA WAKTU YG DIBUTUHKAN UNTUK MEMBELI, MENJUAL DAN MENGGANTI PERSEDIAAN INVENTORY, END OF YEAR AVARAGE DAILY COST OF MERCHANDISE SOLD