INVENTORY SHEET

JANOJA

Perpetual inventory system - valuation methods

January 2, the trading company "Swan S.A." restarts its buying and selling
activities of the 2-01-200X appliances, with the following data:
5 refrigeradoras ECASA 12 "$ 959.00 c / u
4 TV Sony 14 in. $ 730.00 c / u
2 kitchens ECASA 4 q. $ 225.00 c / u
Capital is natural contra.
January 4, according to the invoice No. 045 Distributors S.A. you buy:
10 refrigeradoras ECASA 12 "$ 975.00 c / u
12 TV Sony 14 in. $ 755.00 c / u
14 4 q ECASA kitchens. $ 245.00 c / u
Payment: 50% cash, 50% personal credit.
January 6, the previous purchase is returned, not correspond to the order: 1
refrigerator, 2 TV and 1 kitchen; Return affecting credit.

8 refrigerators, 6 and 7 kitchens TV: January 10, according to bill No. 456, Mr.
Juan Pablo Nunez (natural person) is sold.
Form of payment: 60% cash and the difference 3 L / C are received
January 15, according to the invoice No. 457 sold for cash to Aso. American
Unity, the following: 4 refrigerators, 5 TV and 6 kitchens.
Additional data:
The company controls their goods through the perpetual inventory system.
The company is a regular contributor of VAT and performs transactions with
companies-ordinary taxpayers.
The company has a profit margin of 55% on the cost and grants 5%
discount on cash sales (total or partial)
The supplier is permanent and given a 3% discount on cash payments
(total or partial)
In the purchase and sale of goods is causing the value added tax and
proceeds to the withholding of income tax.
Is required:
Register in the general journal and ledgers of the company, transactions,
applying control methods FIFO and LIFO accounting goods.
Record the movement of goods in the Kardex cards, applying valuation
methods FIFO and LIFO accounting.