NO.PZ2024030503000040
问题如下:
Question选项:
A.first-in, first-out (FIFO). B.last-in, first-out (LIFO). C.weighted average cost.解释:
Solution-
Incorrect. At the end of Year 1, 5,000 units will remain (0 + 80,000 – 75,000) at a unit cost of $10. All units in the following tables are in thousands.
Under Weighted Average Cost Method
Because the costs assigned to COGS and inventory are the same, only the units going to each need to be tracked.
Under LIFO Method
In Year 2, all of the most recent purchases at $8 will go to COGS.
Inventory will consist of the 5 units remaining from Year 1 and the 10 units remaining from Year 2 purchases.
Under FIFO Method
In Year 2, 5 units of the remaining Year 1 inventory and 50 units of Year 2 purchases will go to COGS.
Inventory will consist of the remaining 15 units from Year 2 purchases.
-
Incorrect. At the end of Year 1, 5,000 units will remain (0 + 80,000 – 75,000) at a unit cost of $10. All units in the following tables are in thousands.
Under Weighted Average Cost Method
Because the costs assigned to COGS and inventory are the same, only the units going to each need to be tracked.
Under LIFO Method
In Year 2, all of the most recent purchases at $8 will go to COGS.
Inventory will consist of the 5 units remaining from Year 1 and the 10 units remaining from Year 2 purchases.
Under FIFO Method
In Year 2, 5 units of the remaining Year 1 inventory and 50 units of Year 2 purchases will go to COGS.
Inventory will consist of the remaining 15 units from Year 2 purchases.
-
Correct. At the end of Year 1, 5,000 units will remain (0 + 80,000 – 75,000) at a unit cost of $10. All units in the following tables are in thousands.
Under Weighted Average Cost Method
Because the costs assigned to COGS and inventory are the same, only the units going to each need to be tracked.
Under LIFO Method
In Year 2, all of the most recent purchases at $8 will go to COGS.
Inventory will consist of the 5 units remaining from Year 1 and the 10 units remaining from Year 2 purchases.
Under FIFO Method
In Year 2, 5 units of the remaining Year 1 inventory and 50 units of Year 2 purchases will go to COGS.
Inventory will consist of the remaining 15 units from Year 2 purchases.
Analysis of Inventories• calculate and explain how inflation and deflation of inventory costs affect the financial statements and ratios of companies that use different inventory valuation methods
这道题就是按照三种算法都分别算,看哪个cost of sales/ average inventory值相等吗?有没有更快的方法?