存货及销货成本.ppt

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销售年终工作总结
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Chapter 8
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1
Goods owned and held for sale to customers
2
Current
asset
3
Inventory
Inventory Defined
The Flow of Inventory Costs
Purchase cost
(or manufacturing costs)
as incurred
as goods are sold
The Flow of Inventory Costs
In a perpetual inventory system, inventory entries parallel the flow of costs.
Which Unit Did We Sell? Does It Really Matter?
When identical units of inventory have different unit costs, a question naturally arises as to which of these costs should be used in recording a sale of inventory.
Inventory Subsidiary Ledger
A separate subsidiary account is maintained for each item in inventory.
1
How can we determine the unit cost for the Sept. 10 sale?
2
Specific identification
LIFO
Average cost
FIFO
To determine the cost of inventory sold, accountants use one of the following inventory valuation methods.
Information for the Following Inventory Examples
The Bike Company (TBC)
Specific Identification
When units are sold, the specific cost of the unit sold is added to cost of goods sold.
Specific IdentificationExample
On August 14, TBC sold 20 bikes for $130 each.
Nine bikes originally cost $91 and 11 bikes originally cost $106.
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