DWIANA INDAH SHEILAWATI 15110001199

S1 AKUNTANSI A – 3503
SOAL UAS AKUNTANSI KEUANGAN MENENGAH 1
1. Chapter 8 - 8
FIFO , LIFO , Avarage Cost Some of the information found on detail inventory and for Starkin Inc
for the first the month of operation is follows :
Received Issued Balance
Date
No of units Units cost No of units No of units
2 1.200 $ 3,00 1.200
7 700 500
10 600 $ 3,20 1.100
13 500 600
18 1.000 $ 3,30 300 1.300
Jan
20 1.100 200
23 1.300 $ 3,40 1.500
26 800 700
28 1.600 $ 3,00 2.300
31 1.300 1.000
A. 1) FIFO
2) LIFO
3) AVARAGE
From these data compute the ending inventory on each of the following bases. Assume the
perpetual inventory record are kept in unit only
B. If the perpetual inventory record are kept in dollars, and cost are computed at the time of each
withdrawal, would be amounts show are ending inventory 1, 2, 3above be the same

Asnwer :

1) Perpetual FIFO

Date Purchase Sales Balance

Amount Unit Total Amount Unit Total Amount Unit Total
Price Price Price
2 1.200 $ 3,00 $3.600 1.200 $ 3,00 $3.600
7 700 $ 3,00 $2.100 500 $ 3,00 $1.500
10 600 $ 3,20 $1.920 500 $ 3,00 $1.500
600 $ 3,20 $1.920
13 500 $ 3,00 $1.500 600 $ 3,20 $1.920
18 1.000 $ 3,30 $3.200 300 $ 3,20 $960 200 $ 3,30 $ 660
20 300 $ 3,20 $960
800 $ 3,30 $2.640
Jan 23 1.300 $ 3,40 $4.420 $0 200 $ 3,30 $ 660
1.300 $ 3,40 $4.420
26 200 $ 3,30 $660 200 $ 3,40 $2.380
600 $ 3,40 $2.040 $ 0
28 1.600 $ 3,40 $5.600 $0 700 $ 3,40 $2.380
1.600 $ 3,50 $5.600
31 500 $ 3,40 $1.700 1.000 $ 3,50 $3.500
800 $ 3,50 $2.800
4.700 $15.360
 DWIANA INDAH SHEILAWATI 15110001199
S1 AKUNTANSI A – 3503
SOAL UAS AKUNTANSI KEUANGAN MENENGAH 1
2) Perpetual LIFO

Date Purchase Sales Balance

Amount Unit Total Amount Unit Total Amount Unit Total
Price Price Price
2 1.200 $ 3,00 $3.600 1.200 $ 3,00 $3.600
7 700 $ 3,00 $2.100 500 $ 3,00 $1.500
10 600 $ 3,20 $1.920 500 $ 3,00 $1.500
600 $ 3,20 $1.920
13 500 $ 3,00 $1.500 600 $ 3,20 $1.920
18 1.000 $ 3,30 $3.200 300 $ 3,20 $960 200 $ 3,30 $ 660
20 300 $ 3,20 $960
800 $ 3,30 $2.640
Jan 23 1.300 $ 3,40 $4.420 $0 200 $ 3,30 $ 660
1.300 $ 3,40 $4.420
26 200 $ 3,30 $660 200 $ 3,40 $2.380
600 $ 3,40 $2.040 $ 0
28 1.600 $ 3,50 $5.600 $0 700 $ 3,40 $2.380
1.600 $ 3,50 $5.600
31 500 $ 3,40 $2.380 1.000 $ 3,50 $3.500
800 $ 3,50 $2.100
4.700 $15.360
3) Perpetual AVARAGE

Date Purchase Sales Balance

Amount Unit Total Amount Unit Total Amount Unit Total
Price Price Price
2 1.200 $ 3,00 $3.600 1.200 $ 3,00 $3.600
7 700 $ 3,00 $2.100 500 $ 3,00 $1.500
10 600 $ 3,20 $1.920 1.100 $ 3,11 $3.420
13 500 $ 3,11 $1.555 600 $ 3,11 $1.865
1.600 $ 3,23 $5.156
18 1.000 $ 3,30 $3.200 300 $ 3,23 $ 969 1.300 $ 3,23 $4.197
Jan
20 1100 $ 3,23 $3.551 200 $ 3,23 $ 646
23 1.300 $ 3,40 $4.420 1.500 $ 3,38 $ 5.066
26 800 $ 3,38 $2.700 700 $ 3,38 $2.364
28 1.600 $ 3,50 $5.600 $0 2.300 $ 3,46 $2.964
31 1.300 $ 3,46 $4.501 1.000 $ 3,46 $ 346,5
800 $ 3,50 $2.800

2. E 9 – 14 Astaire Company uses the gross profit method to estimate inventory for monthly
reporting purpose. Presented below is information for the month of May
Inventory May, 1 € 160.000
Purchase (gross) € 640.000
Freight-in € 30.000
Sales €1.000.000
Sales Return € 76.000
Purchase Discount € 12.000
 DWIANA INDAH SHEILAWATI 15110001199
S1 AKUNTANSI A – 3503
SOAL UAS AKUNTANSI KEUANGAN MENENGAH 1
I. 25 % Sales
II. 25 % of Cost

Answer :

I. 25 % Sales

Inventory May, 1(at cost) € 160.000

Purchase (gross) (at cost) € 640.000
Purchase Discount (€ 12.000)
Freight-in € 30.000
Good available(at cost) € 818.000
Sales(at selling cost) €1.000.000
Sales Return(at selling price) (€ 70.000)
Net Sales € 930.000
Less gross profit ( 25 % × € 930.000) (€ 232.500)
Sales (at cost)/COGS (€ 697.500)
Approximate Inventory May,31 € 74.000

II. 25 % of Cost

Inventory May, 1(at cost) € 160.000

Purchase (gross) (at cost) € 640.000
Purchase Discount (€ 12.000)
Freight-in € 30.000
Good available(at cost) € 818.000
Sales(at selling cost) €1.000.000
Sales Return(at selling price) (€ 70.000)
Net Sales
€ 930.000
Less gross profit ( 25 % × € 930.000)
(€ 186.000)
Sales (at cost)/COGS
Approximate Inventory May,31 (€ 744.000)
€ 74.000

3. Diketahui :
 Purchase Equipment $ 510.000
 Use life 10 Years
 Residual Value $ 10.000
 Depreciation Recorded 7 Years
 In 2010 8 Years
 Total Estimated 15 Years
 Residual Value $ 5.000

Answer :

i. No Entry
ii. Equipment $ 510.000
Salvage Value ($ 10.000)
 DWIANA INDAH SHEILAWATI 15110001199
S1 AKUNTANSI A – 3503
SOAL UAS AKUNTANSI KEUANGAN MENENGAH 1
Depreciation Base $ 500.000
Usefull Value (original) 10 Years :
Annual Depreciation $ 50.000 × 7 Years = $350.000

Balance Sheet
December 2009,31

Equipment $ 510.000
Accumulated Depreciation ($ 350.000)
Net Book Value ( NBV ) $ 160.000

Net Book Value ( NBV ) $ 160.000

Salvage Value (New) ($ 5.000)
Depreciation Base $ 155.000
Use life remaining 8:
Annual Deprecition $ 19.375
Jurnal :
2010 Deprecition expense $ 19.375
Accumulated Deprecition $ 19.375

4. E 11 – 5 Deprecation Camputation . Maserati corporation purchased s new machine for the

assembly process on August 1,2010 the cost of this machine was £150.000. the company
estimated that the machine would have a salvage value of £24.000 at the end of its service
life. Its life estimated at 5 years and its working hours are estimated at 21.000 hours. Year
end is December 31. The depreciation expense for 2010 under the following method
 Straight Line Method
 Activity Method
 Sum Of The Year Digits Method
 Double Declining Method
 Straight Line Method

Agust – December = 5 Bulan

Book Value

= €150.000 – Accumulated Depresition

= €150.000 – € 126.000 = € 24.000

Cureent
Depreciable Annual Partial Accumulated Book
Year Year Year
Base Expense Year Depresition Value
Expense
2010 €126.000 5 €25.200 5∕12 € 10.500 € 10.500 € 139.500
2011 €126.000 5 €25.200 1 € 25.200 € 35.700 € 114.300
2012 €126.000 5 €25.200 1 € 25.200 € 60.900 € 89.100
2013 €126.000 5 €25.200 1 € 25.200 € 86.100 € 63.900
 DWIANA INDAH SHEILAWATI 15110001199
S1 AKUNTANSI A – 3503
SOAL UAS AKUNTANSI KEUANGAN MENENGAH 1
2014 €126.000 5 €25.200 1 € 25.200 € 111.300 € 38.700
2015 €126.000 5 €25.200 7∕12 € 14.700 € 126.000 € 24.000
€126.000
Jurnal : 2010 Depreciation Expense € 10.500

Accumulated Depreciation € 10.500

5.

Jurnal

Loss on Impairment $ 3.000.000

Patents $ 3.000.000