Nomer 1

Anthony Company uses a perpetual inventory system. It entered into the following purchases
and sales transactions for March.

Date Activities Units Acquired at Cost Units Sold at Retail

1-Mar Beginning Inventory 50 units @ $50/unit
5-Mar Purchase 200 units @ $55/unit
9-Mar Sales 210 units @ $85/unit
18-Mar Purchase 60 units @ $60/unit
25-Mar Purchase 100 units @ $62/unit
29-Mar Sales 80 Units @ $95/unit
TOTALS 410 units 290 units

1) Compute cost of goods available for sale and the number of units available for sale
2) Compute the number of units in ending inventory
3) Compute the cost assigned to ending inventory using a :
A. FIFO
B. LIFO
C. Weighted - Average
D. Specific identification (round per unit costs to three decimals, but inventory
balances to the dollar). For specific identification, the March 9 sale consisted of 40
units from beginning inventory and 170 units from the March 5 purchase; the March
29 sale consisted of 20 units from the March 18 purchase and 60 units from the
March 25 purchase
4) Compute Gross Profit earned by the company for each of the 4 costing methods in
part 3

Nomer 2

Date Quantity Unit Cost/Sales Price

1-Mar Beginning Inventory 200 50
2-Mar Purchase 300 55
4-Mar Sales 100 70
6-Mar Purchase 250 60
7-Mar Purchase Return (5)
8-Mar Sales 300 95
9-Mar Sales Return (20)
13-Mar Purchase 100 62

A) Tentukan Ending Inventory dengan FIFO secara Perpetual dan Periodik!

B) Tentukan COGS dengan metode Weighted-Average!

Nomer 3

On December 31, 2019 showed that Garza has merchandise with a cost of 441000 was on
hand at that date. You also discover in following item were all excluded from 441000

1) Merchandise of 61000 which is held by Garza on consignment. The Consigner is

Bontemp Company
2) Merchandise Costing 33000 which was shipped by Garza F.O.B destination point
to customer on 31 December 2019. The customer wasscheduled to receive
Merchandise on January 6 2020
3) Merchandise Costing 46000 which was shipped by Garza F.O.B Shipping Point
to customer on December 2019. The customer was Scheduled to receive
Merchandise on January 2 2020
 4) Merchandise Costing 73000 shipped by vendor F.O.B destination point on
December 31, 2019 and received by Garza on January 4 2020
5) Merchandise Costing 51000 shipped by vendor F.O.B Shipping Point on December
31 2019, and received by Garza on January 5 2020

Based on information above, calculate amount that should appear on Garza's Statement
of Financial position December 31 2019 for Inventory

Nomer 4
2018 2019 2020
Sales Revenue 290000 ? 410000
Sales Return and Allowances 6000 13000 ?
Net Sales ? 347000 ?
Beginning Inventory 20000 32000 ?
Ending Inventory ? ? ?
Purchase ? 260000 298000
Purchase Return and Allowances 5000 8000 10000
Freight In 8000 9000 12000
COGS 238000 ? 303000
Gross Profit on Sales 46000 91000 97000

Fill the Amount that are missing!

Nomer 5
Units Units Selling
Date Transaction Units In Cost Total Sold Price Total
1-Jul Balance 100 $ 4.10 $ 410.00
6-Jul Purchase 800 $ 4.30 $ 3,440.00
7-Jul Sale 300 $ 7.00 $ 2,100.00
10-Jul Sale 300 $ 7.30 $ 2,190.00
12-Jul Purchase 400 $ 4.51 $ 1,804.00
15-Jul Sale 200 $ 7.40 $ 1,480.00
18-Jul Purchase 300 $ 4.60 $ 1,380.00
22-Jul Sale 400 $ 7.40 $ 2,960.00
25-Jul Purchase 500 $ 4.58 $ 2,290.00
30-Jul Sale 200 $ 7.50 $ 1,500.00
TOTALS 2100 $ 9,324.00 1400 $ 10,230.00

A) Assuming that the periodic inventory method is used, compute the inventory cost at
July 31 under each of following cost flow assumptions
1. FIFO
2. Weighted - Average
B) Which of the methods used above will yield the highest figure for gross profit for
the income statement? Explain why!
C) Which of the methods used above will yield the highest figure for ending Inventory
for the statement of financial position? Explain why!