Emeront I5: Knenyüsn Ñifi

emeronT
I5
KNenysn
iFi
Lecturer: Hour Ry
I-
niymny (Definition )
CaEpkmYyn Current Asset

rbs;shRKas.
sniFiCaRTBsm,tirUbIy ( Physical
Asset ) EdlRtUv)an rkSaTukedIm,Ilk; .
sniFiGacCa plitplsMerc
pliitplBak;kNalsMerc nig
GacCavtFatuedIm .
Inventory
Lecturer: Hour Ry
fedImsniFi ( Cost
II-
of Inventory)
edIm,IeGaykMnt;flk;)anRtwmRtUv
sMrab;KNenykrcaM)ac;
Nas;RtUveFVIkarKNnaeGay)andwg
c,as;BIfedImnTMnij b
sniFiEdl)anTijsMrab;ykeTAlk;enaH .
ktaEdlman\TiBleFVIeGayfedImrbs;
sniekIneLIgman karTij (Purchase)
kardWkCBan (Transport-in or Freight-in)
ktaEdleFVIeGayfedImsniFifycuHma
n karbBaHtMl (Purchase discount ) nig
karbgVilTMnij)anTij (Purchase Returned and Allowance ) .
Lecturer: Hour Ry
KMnUsbMRBYjktab:HBal;
dl; Cost of inventory
Increase
Purchase
Decrease
Cost of
Inventory
Freight-in
Purchase Discount
Purchase Return
& Allowance
Lecturer: Hour Ry
rUbmnKNna
Cost of Goods Sold =Beginning Inventory + Purchased
Ending Inventory
]TahrN skedImkal = $500 ,

TijkgExcMnYn $2,000 nig
skcugRKasl; $1,000
dUecH
fedImnTMnij)anlk;kgEx =
500 + 2,000 1,000 =1,500$
Lecturer: Hour Ry
III-
viFIsaRsKNnaclnafedI
m
(Cost flow methods)
viFIsaRsKNnafedImEdleKniymeRbI
ehIyRtUv)aneKGnuBaatieGay
eRbIR)as;edayRsbtam sg;darGnrCatiKW
1-viFIsaRskMnt;Cak;Esg ( Specific Identification )
viFIsaRsenHRtUv)antamdanclnaTMnijCak;E
sg eTAtamsanPaB nkarekIneLIg b fycuH
manlkNCaryeBlxIbMput .
CaBiesseKniymKiteTAelITMnijEdlmantMlx<
s; dUcCa Rkumhunlk; rfyn
Rkumhunlk;]bkrNtRnI
Rkumhunlk;eRKOgGlgar/// .
Lecturer: Hour Ry
1-
viFIsaRskMnt;Cak;Esg
( Specific Identification )
RkumhunmYyTijlk; TV 21-inch
kgEx]sPaRkumhun)anTij TV
RbePTenHcMnYn 3 eRKOg
EdlmanfedImdUcteTA $700, $750, $800 .
enAkgExenaHKat;lk;TUrTsSn_ 2eRKOg
Rkumhun)ankMnt;ykviFIsaRskMnt;Cak;
EsgeFVIkarkMnt;fedIm
dUecHGaRsyelIKat;yk KWKat;Gacyk $700
+ $800 = $1,500
dUecHTUrTsSn_sl;mYyeRKOgenaHRtUv
manfedIm $750 Ca Ending inventory cost bGacyk $700
+ $750 = $1,450
dUecHTUrTsSn_sl;mYyeRKOgenaHRtUv
manfedIm $800 Ca Ending inventory cost .
Lecturer: Hour Ry
TahrNrYmsMrab;karbg
ajkarKNna
Date
Transactions
Units
Unit cost ($)
Total cost
viFIsaRsTaMgbIeTot
Beginning
01/06/09
Inventory
100
10
1,000
10/06/09
Purchase
200
11
2,200
21/06/09
Purchase
300
12
3,600
25/06/09
Purchase
400
13
5,200
TOTAL
1,000
$12,000
]bmakarlk;kgExmifun
Lecturer: Hour Ry
2-viFIsaRscUlmunecjmun
( First-In, First-Out ) FIFO
karkMnt;fedImnTMnijEdl)anlk;edayK
itBITMnijEdl)anTijmkmun mannyfa
TMnijEdl )
anTijmunbeBajlk;munehIyKitfedIm
mun .
KNna Cost Of Goods Sold
01/6/09
100 kta x
10/6/09
200 kta x
21/6/09
TOTAL
kta
550 kta 11.27
250
dUcenH
COGS = $6,200
10
= 1,000
11
= 2,200
12
= 3,000
= 6,200
fktaKW = $11.27
Lecturer: Hour Ry
2-viFIsaRscUlmunecjmun
( First-In, First-Out ) FIFO
KNna Cost Of Ending inventory

25/6/09
kta x
400 kta
TOTAL
450
21/6/09
50
12
= 600
13
kta 12.89 =
= 5,200
5,800
dUcenH Ending Inventory = $5,800

fktaKW = $12.89
Lecturer: Hour Ry
10
3-
viFIsaRscUleRkayecjmun
( Last-In, First-Out ) LIFO

karkMnt;fedImnTMnijEdl)anlk;e
dayKitBITMnijEdl)anTijmkeRkay
mannyfa TMnijEdl )
anTijmunbeBajlk;munEtKitfedI
mTMnijEdl Tijmkmun .
25/6/03
400 kta
x
13
= 5,200
21/6/03
TOTAL
kta
550 kta
150
dUcenH
12
12.72
= 7,000
COGS = $7,000
$12.72
Lecturer: Hour Ry
= 1,800
fktaKW =
11
3-
viFIsaRscUleRkayecjmun
( Last-In, First-Out ) LIFO

01/6/09
100 kta
x
10
10/6/09
200 kta
x
11
21/6/09
150 kta
x
12
TOTAL
450 kta 11.11 = 5,000
= 1,000
= 2,200
= 1,800

fktaKW = $11.11
Lecturer: Hour Ry
12
4-
viFIsaRsmFmPaKsmta (
Average Method or Weighted Average )

Unit Cost
= Cost of goods available for Sale /Total
Units
available for sale
= ( Beginning inventory + Purchase ) / Total Units available for
sale
= 12,000/1,000
= $12 per Unit
dUcenH
COGS = $6,600
(550 x 12)
fktaKW
= $12

fktaKW = $12
Lecturer: Hour Ry
( 450 x 12)
13
\TiBlnviFIsaRsKNna
fedImsniFielIr)aykarN
cMNUl
IV-
( Income Statement Effect )
karRbkan;ykviFIsaRskgkarK
NnafedImnTMnijEdlRtUvlk;
va)aneFVIeGaymanplb:HBal;
dl;cMNUlsuT ( Net income )
dUcbgajkgtaragxageRkam
Lecturer: Hour Ry
14
(Effects of inventory costing methods on

Income Statement )
Accounts
FIFO
LIFO
AVERAGE
$11,500
$11,500
$11,500
Beginning Inventory
1,000
1,000
1,000
Purchase
11,000
11,000
11,000
Cost of goods Available for sale
12,000
12,000
12,000
Ending Inventory
5,800
5,000
5,400
COGS
6,200
7,000
6,600
Gross Profit
5,300
4,500
4,900
Operating Expense
2,000
2,000
2,000
Income before Income Tax
3,300
2,500
2,900
660
500
580
$2,640
$2,000
$2,320
Sales
Income Tax (20%)

Net Income
Lecturer: Hour Ry
15
\TiBlnviFIsaRsKNna
fedImsniFielItaragtulk
ar
V-
( Balance Sheet Effect )
karRbkan;ykviFIsaRskgkarKNnaf
edImnTMnijEdlRtUv lk;
va)aneFVIeGaytm sniFicugRKa
xusKa .
dUecH Inventory
EdlbgajenAkgtaragtulkar
RtUvxusKa .
Lecturer: Hour Ry
16
KYrkt;sMKal;
kgtaragtulkar
sniFiRtUv)anbgajtMlbcb,n .
FIFO Method :
kgtaragtulkar
sniFiRtUv)anbgajtMlminEmnbc
b,n .
LIFO Method :
Specific Identification Method :
kgtaragtulkar
sniFiRtUv)anbgajtMltam
karkMnt;Cak;lak;mankareLIgcuH .
Average Method : kgtaragtulkar
sniFiRtUv)anbgajtMl
bkNalrvag FIFO nig LIFO .
Lecturer: Hour Ry
17
Balance Sheet Effect
dUckrNIxagelI ebITMnijecHEteLIgf
dUecHtm Inventory enAkg Balance Sheet
manbgajenAkgtaragxageRkam
FIFO
Ending
Inventory
LIFO
AVERAGE
SPECIFIC
min
x<s; Tab lm eTo
g
Lecturer: Hour Ry
18
VI-
kareRbobeFob Periodic system

and Perpetual system
Periodic system
Perpetual system
1-There are 4 units in beginning inventory at a cost of

$3,000 each.
The inventory account shows
the inventory on hand at $12,000
The inventory account shows

the inventory on hand at $12,000
Lecturer: Hour Ry
19
Periodic system
Perpetual system
2-Purchase 12 units on account at $3,000 each.

Purchase......................36,000
Inventory....................36,000
A/P.................................36,000
A/P.................................36,000
3-Return one defective item for $3,000 credit.

A/P............................3,000
A/P..............................3,000
Purchase Return...............3,000
Inventory........................3,000
Lecturer: Hour Ry
20
Periodic system
Perpetual system
4-Sell 7 units on account for $5,000 each.

A/R..........................35,000
A/R...........................35,000
Sales.................................35,000
Sale............................35,000
and
COGS........................21,000
Inventory.......................21,000
Lecturer: Hour Ry
21
Periodic system
5-
Perpetual system
cMNayelIkardwkCBa
nTMnijEdl)anTijGs; $2,000
Freight-in.......................2,000 Inventory...................2,000
Cash.................................2,000
Cash.........................2,000
6-End of period entries for inventory account ( 8 units at $3,000 )
Closing entries are necessary: Closing Entries are not necessary
Income summary................12,000
Inventory (beg)......................12,000
Inventory ( end ).................24,000
Income summary..................24,000
Lecturer: Hour Ry
22

Emeront I5: Knenyüsn Ñifi

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Emeront I5: Knenyüsn Ñifi

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emeronT

CaEpkmYyn Current Asset

]TahrN skedImkal = $500 ,

KNna Cost Of Goods Sold

KNna Cost Of Ending inventory

dUcenH Ending Inventory = $5,800

( Last-In, First-Out ) LIFO

KNna Cost Of Ending inventory

dUcenH Ending Inventory = $5,000

KNna Cost Of Goods Sold

KNna Cost Of Ending inventory

( Income Statement Effect )

(Effects of inventory costing methods on

Cost of goods Available for sale

Income before Income Tax

Income Tax (20%)

( Balance Sheet Effect )

Specific Identification Method :

Balance Sheet Effect

kareRbobeFob Periodic system

1-There are 4 units in beginning inventory at a cost of

The inventory account shows

2-Purchase 12 units on account at $3,000 each.

3-Return one defective item for $3,000 credit.

4-Sell 7 units on account for $5,000 each.

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