Anggota kelompok 4

- Raissa Ghina Asta (2602059714)

- Novianti Artika Dewi (2602060836)

- Deni Soekarno Putra E (2602182423)

ASSIGMENT (2) - LAB

ENTREPRENEURIAL FINANCIAL ACCOUNTING

LO2: Explain the concept and methods relating to inventories and accounts receivable.
Forward Corporation adalah perusahaan yang memproduksi perangkat komputer. Berikut
adalah data mengenai inventory, pembelian bahan baku, dan penjualan dari produk Forward
Corporation di bulan April 2023:

Inventory: April 1 300 units @ $5.00 $ 1,500

Purchases: April 10 600 units @ $5.50 $ 3,300
April 20 500 units @ $5.75 $ 2,875
April 30 300 units @ $6.00 $ 1,800
Sales April 15 600 units
April 25 500 units

Perhitungan inventory secara fisik di akhir bulan April 2023 menunjukkan bahwa jumlah
persediaan ada sebanyak 600 units. Sistem yang digunakan oleh Forward Corporation adalah
periodic inventory system.

Berdasarkan keterangan data di atas maka hitunglah cost of goods sold (COGS)di tanggal 30
April 2023 dengan menggunakan FIFO, average cost, dan LIFO.

Date Explanation Units Unit Cost Total Cost

April 1 B Inventory 300 $5.00 $1,500
April 10 Purchases 600 $5.50 $3.300
April 15 Sale 600
April 20 Purchases 500 -300 $5.75 $2.875
April 25 sale 500
April 30 Purchases 300 $6.00 $1.800
1.700 $9.475
FIFO
1. Menghitung ending inventory
2. Cost of Goods Available diambil dari jumlah total cost
Date Unit Unit cost Total cost
April 20 300 $5.75 $1.725
April 30 300 $6.00 $1.800
Total 600 $3.525

Cost of Goods Available = $9.475

Ending Inventory = $3.525
COGS =Cost of Goods Available for sale−Ending Inventory
¿ $ 9.475−$ 3.525
¿ $ 5.950
AVERAGE COST
Date Explanation Units Unit Cost Total Cost
April 1 Inventory 300 $5.00 $1,500
April 10 Purchases 600 $5.50 $3.300
April 15 Sale 600
April 20 Purchases 500 $5.75 $2.875
April 25 sale 500
April 30 Purchases 300 $6.00 $1.800
1.700 $9.475

Total cost
1. Mencari Cost of average =
Total units
$ 9.475
=
$ 1.700
= $ 5.57

2. Mencari Less : Ending Inventory = $5.57 X 600 (unit ending inventory)

= $3.342

COGS = Cost of Goods Available for sale−Ending Inventory

= $9.475 - $3.342
 = $6.133

LIFO
Dates Units Unit Cost Total Cost
April 1 300 $5.00 $1.50
April 10 300 $5.50 $1.650
Total 600 $3.150

Ending inventory ¿ $ 3.150

COGS ¿ Cost of Goods Available for sale−Ending Inventory
¿ $ 9.475−$ 3.150
¿ $ 6.325