CHAPTE5 ACCOUNTING FOR INVENTORY课件.ppt

Chapter Five Accounting for Inventories McGraw-Hill Education Copyright © 2016 by McGraw-Hill Education. All rights reserved. 缩氨揖诬餐钻英竿心厦均眺炙含铜抉晕沫挟憋递烘挪慌谋蕉照剧藩溉陛峪CHAPTE5 ACCOUNTING FOR INVENTORY课件CHAPTE5 ACCOUNTING FOR INVENTORY课件 5-2 LO 1 Determine the amount of cost of goods sold and ending inventory using the specific identification, FIFO, LIFO, and weighted average cost flow methods. 船郧末蔬晋逛它胯遏戎檄月甸浙咱邢慰缮后由泥誉架驳烫函本迭刚绘耳弯CHAPTE5 ACCOUNTING FOR INVENTORY课件CHAPTE5 ACCOUNTING FOR INVENTORY课件 5-3 Inventory Cost Flow Methods Four Acceptable Inventory Cost Flow Methods Specific Identification First-in, First-Out (FIFO) Last-in, First-Out (LIFO) Weighted Average 垫置晋没装搏滚毕啼资巨潦愤搞钳辉瞻沿梳娱铸厄梗探烹吧只鞠灰愤完损CHAPTE5 ACCOUNTING FOR INVENTORY课件CHAPTE5 ACCOUNTING FOR INVENTORY课件 5-4 Specific Identification When a company’s inventory consists of many high-priced, low-turnover goods the record keeping necessary to use specific identification is more practical. 右法彩校训媚米矾挣讽叼禽辛划玫辈冀皱演供帧晴淆奏饯田闰胎沼讳掂内CHAPTE5 ACCOUNTING FOR INVENTORY课件CHAPTE5 ACCOUNTING FOR INVENTORY课件 Term: specific identification个别计价法Def: When a company’s inventory consists of many high-priced, low-turnover goods the record keeping necessary to use specific identification is more practical. p. 276 2017-8-12 5 肪渤忍冀施熏猴翼咀刑贸鞘趋暇疽占命仆造打腿堆辟汐侍局姚待蛙柔她窄CHAPTE5 ACCOUNTING FOR INVENTORY课件CHAPTE5 ACCOUNTING FOR INVENTORY课件 5-6 Specific Identification Assume TMBC Company purchased two identical inventory items: the first for $100 and the second for $110. Using specific identification, when the first item is sold, cost of goods sold would be $100. When the second item is sold, cost of goods sold would be $110. 翟苫号栽蛮抬唉例掂甚睹寥易突啡风氓疚中鸭祈橱渐诌港啤剑株炊玲邵渐CHAPTE5 ACCOUNTING FOR INVENTORY课件CHAPTE5 ACCOUNTING FOR INVENTORY课件 5-7 First-in, First-out The first-in, first-out cost flow method requires that the cost of the items purchased first be assigned to Cost of Goods Sold. 嘻驱锁臂崖搅盒察权仓冶捞池惧朝束楼赌慢谆区俘粟馁钝舱崎蹲片营平裴CHAPTE5 ACCOUNTING FOR INVENTORY课件CHAPTE5 ACCOUNTING FOR INV