实用会计英语 第二版 高职高专会计与电算化会计类 李海红Chapter 15 Inventory.pptVIP

Merchandise inventory Merchandise inventory Merchandise inventory Merchandise inventory Beginning inventory and ending inventory The cost of goods sold The cost of goods sold Methods of Pricing Inventory at Cost Specific identification method Average-cost method First-in, first-out method Last-in, first-out method Methods of Pricing Inventory at Cost Specific Identification Method Specific Identification Method Weighted-Average-Cost Method Weighted-Average-Cost Method Weighted-Average-Cost Method Weighted-Average-Cost Method First-In, First-Out Method First-In, First-Out Method First-In, First-Out Method First-In, First-Out Method First-In, First-Out Method Last-In, First-Out Method Last-In, First-Out Method Last-In, First-Out Method Last-In, First-Out Method Last-In, First-Out Method Last-In, First-Out Method Last-In, First-Out Method Comparison of the four methods Comparison of the four methods Comparison of the four methods 200 Sale 240 440 150 100 80 60 50 Quantity (Units) Purchase Purchase Purchase Purchase Beginning inventory Item $992 300.00 220.00 192.00 150.00 130.00 Total ($) $2.00 $2.20 $2.40 $2.50 $2.60 Unit price ($) Goods Available for Sale Ending Inventory August 31 27 20 17 6 1 August Date Suppose the company meets with a price-decreasing period Cost of Goods Sold = 150×$2.00 + 50×$2.20 = $410 Ending Inventory = $ 992-410 = $582 $515 ＞ $410 During the period of price-decreasing, the cost of goods sold will be lower. During the price-increasing period Net Income Gross margin DECREASE During the price-increasing period Net Income Gross margin INCREASE Suppose the revenue from sales is the same data, $1,000. $515 $449 $484 $449 Cost of goods sold $485 The last-in, first-out method $551 The first-in, first-out method $516 The weighted-average-cost method $551 The specific identification method gross margin Methods of inventory pricing The accrual cost Specific identification method Average