Latihan Soal Asistensi PAK Kerjakan Kelompok @Max 3 Orang Waktu 30 menit Dikumpul dan dilengkapi langkah jawabannya How should the following costs affect a retailer's inventory valuation? Froigntin Interest on Inventory Loan Notes 6 7 ame on invent eFes Ongket Kim qarnbelian mencmbah bY increase Increase Tilei persectoan © Noeffect increase 4 Noeffect No effect The following information applied to Howe, Inc. for 2015: Merchandise purchased fr resale $300,000 Freightin 8,000 « Freightout 5,000 Purchase retuins 2,000 - Howe's 2015 inventorab 260 008 a. $300,000, th gone , $303,000, - : f $306,000, —_ 000) $311,000, ce The folowing information was dered om the 2015 scouring avs Pere Co: Pores Goods Petea's Central Warehouse Held by Consignees Beginning inventory $130,000 $ 14,000 Purchases 575,000 70,000 Freightin 10,000 Note Transportation to consignees 5.000 - Foranc Konsingaci Freightout 30,000 8,000 ae L Ending inventory 145,000 2op00 tee wk Forma Perex's 2015 cost of sales was 20.000 W.cce fenez) a. $570,000. —— tie 515-00° palea $600,000. th w.0d (ee Som ae eres 00 «a. $638,000 aie 00 0) Foooe + &Y.006 = E344.000, Dole Corp.'s accounts payable at December 31, 2015, totaled $800,000 before any necessary year-end adjustments relating to the following transactions: + On December 27, 2015, Dole wrote and recorded checks to creditors totaling $350,000 causing an overdraft of $100,000 in Dole’s bank account at December 31, 2015. The checks were mailed out on January 10, 2016. SEE EE er SeEEEREEESHEE * On December 28, 2015, Dole purchased and received goods for $150,000, terms 2/10, n/30. Dole records purchases and accounts payable at net punts. The invoice was Fecorded and paid January 3, 2016. ZASC.000 = ht -000 ‘* Goods shipped f.0.b. destination on December 20, 2015 from a vendor to Dole were received January 2, 2016. The invoice cost was $65,000. > Boo coo 147.000 944.000 th. 350.000 {agt.COO4 December 31, 2018, hat aot shout Dole report as otal zou payohle? $1,362,000, x $1,297,000. $1,080,000, 4. $950,000. 5. The balance in Moon Co.'s accounts payable account at December 31, 2015 was $700,000 before any necessary year-end adjustments relating to the following: Goods were in transit to Moon from a vendor on December 31, 2015. The invoice cost was $40,000. ‘The goods were shipped f.0.b. shipping point on December 29, 2015 and were received on January 4, cember 29, 2015 2016. Gidah dickui sebagot persediaan Moon ‘+ Goods shipped f.0.b. destination on December 21, 2015 from a vendor to Moon were received on January 6, 2016. The invoice cost was $25,000. <_ Relum diakut perrediaan sampay dtterma Oleh Tha ‘= On December 27, 2015, Moon wrote and recorded checks to creditors totaling $30,000 that were” mailed on January 10, 2016. In Moon's December 31, 2015 statement of financial position, the accounts payable should be a. $730,000. Foo © 0 b. $740,000. aes , $765,000. $770,000. 30.000 } He .000 7, 6. Kerr Co.'s accounts payable balance at December 31, 2015 was $1,500,000 before co following transactions: fering the © Goods were in transit from a vendor to Kerr on December 31, 2015, The invoice price was $70,000, and the goods were sipped fb, shipping point on December 29,2015. The goods were received on January 4, 2016, ‘+ Goods shipped to Kerr, 0.b. shipping point on December 20, 2015, from a vendor were lost in transit. The invoice price was $50,000. On January 5, 2016, Kerr filed a $50,000 claim against the common carrier. Kiote : FOB chipping Fownt S pervediacn diakui femak keluar gudano, In its December 31, 2015 statement of financial position, Kerr should report accounts payable of Penguok $1,620,000, S00 000 . $1,570,000. pees & $11550,000 Roe 4. $1,500,000. pun 620. cco Walsh Retailers purchased merchandise with alist price of $50,000, subject to trade discounts 23and 10%, with no cash discounts allowable. Walsh should record the cos of tis merchandise as eae 2% «x $0000 ~ 40 C00 $39,000. t0% x 40.000/+ _¢4. e00) d. $50,000. : { / % coo 8. On June 1, 2015, Penny Corp. Sold merchandise with a list price of $20,000 to Linn on account. Penny allowed trade discounts of 30% and 20%. Credit terms were 2/15, n/40 and the sale was made f.0.b. shipping point. Penny prepaid $400 of delivery costs for Linn as an accommodation. On June 12, 2015, Penny received from Linn a remittance in full payment amounting to a, $10,976. b. $12,368. 70% K 10.000= l¥,.000 Te sinazs. EC / 20% x W000 = UW. aoo 2 Wx N200 = Cokie) (0.976 Fh dauery est GOO" Vs i10. a. 12, 4. $11,196. Groh Co. recorded the following data pertaining to raw material X during January 2015: Units Date Received Cost issued ——Ondand YAS aventory $8.00 1AYAS sue 1,600 1/22/15 Purchase 4,000 $9.40 The moving:average unit cost of X inventory at January 31, 2015 is a. $8.70. a te Vverage cost= $0400 os St00 Seo B22 i200 ue i 56 a $9.40. Yooox 9M 2 _3t-600 mel 50.400 During periods of rising prices, a perpetual inventory system would result in the same dollar amount of tending inventory as a periodic inventory system under which of the following inventory cost flow methods? fo avec x fe ne Ate te cas ‘e é Ne ne Hite Co, was formed on January 2, 2015, to sell a single product. Over a two-year period, Hite's acquisition costs have increased steadily. Physical quantities held in inventory were equal to three months' sales at December 31, 2015, and zero at December 31, 2016. Assuming the periodic inventory system, the inventory cost method which reports the highest amount of each of the following is, Inventory Costofsales 31 bes 2015 ferclagat Inventory December 31,2015 21s / ‘Average FIFO Fro DZ Aerage Average average _/ karena pakai harga belt FIFO FIFO nena FIFO. Average 2016 —> Coes > Gluruhnya fersved Fre > Average Keck Co. had 450 units of product A on hand at January 3, 2035, costing $42 each. Purchases of product A during January were as follows: Date Units Unit Cost Jan. 10 600 aa 18 750 / 46 28 ~ 300° 48 ‘physical count on January 31, 2015 shows(600 January 31, 2015 under the FIFO method is a. $25,500. b., $26,700. 600 AGS i its of product A on hand. The cost of the inventory at Zoo 48° = 14.4900 Sooty agin aan eed, 23.029 714. Ryan Distribution Co. has determined its December 31, 2015 inventory on a FIFO basis at $250,000. Information pertaining to that inventory follows: Selling price $255,000 Cost to sell 10,000 Cost to complete 30,000 yan records losses that result from applying the lower-of-cost-or-net realizable value rule. At December 31, 2015, the loss that Ryan should recognize is a $0. bost aso cos. ventory * 245.000 b. $5,000, Ney + 255.000 (,heNery c. $25,000. Cto.000) | Lecs = 35-000 $35,000. © 80. cce) Das 00 6 15. _kBen Company's accounting records indicated the following information: Inventory, 1/1/15 $600,000 Purchases during 2015 3,000, Sales during 2015 3.800.000) A physical inventory taken on December 31, 2015, resulted in an ending inventory of $700,000. Keen's 8055 profit on sales has remained constant at 25% in recent years. Keen suspects some inventory may have been taken by a new employee. At D&ember 31, 2015, What is the estimated cost of missing fentory? =o $50,000. b>» $150,000. Sates 2.905.009 © $200,000. asy d, $250,000. % ross feet % 6S = WKH 2.800.000 = 2.250.000 Inventery awal 600 ccc t & Purchase 3.000.000 =(. Coes [2260 c00 Rr ee SeO Anventory akhic 450. 000 Sherusnya Inuentory akhir feo. gee rastt stoct oper Loss nsing eee