Inventory Asses

sment Method
FIFO, LIFO, & Average

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Inventory
Goods or things that bought to sell it again with or
without any processing before.
 Example
01 Consumption things

02 Ammunition

03 Things to maintenance

04 Spare part

05 Material Raw
Recording
Perpetual Method Periodic Method
Inventory every transaction is there is no
Method noted dan calculated
in detail, even in
calculation or note be
cause it will do in the
purchase or selling, so end of periodso we
we could could no how
know how much the much the inventory
inventory still exist still exist at the end
early of period
 FIFO
(First In First Out)

FIRST
The first goods or things
who purchased is the first
things sold.
.

SECOND
The main price of the first
THIRD things who purchased is
Who came to be value of avowed as the main price of
the last inventory is the selling.
main price from goods or
things that purchased in
the last.
 LIFO
(Last In First Out)

FIRST
The last goods or things
who purchased is the first
things sold.

SECOND
The main price of the last
THIRD things who purchased is
Who came to be value of avowed as the main price of
the last inventory is the selling.
main price from goods or
things that purchased in
the first.
Average
The main price of selling is calculated by average income
price from things that ready to sell.
.
 Calculate how much unit in the last
EXAMPLE inventory?
Calculate how much value of unit in the last
LAST INVENTORY UNIT

FIRST INVENTORY + PURCHASING – SELLING

1000 + 14.200 – 15.200 = 300 UNIT

FIFO PERIODIC METHODE
PRICE OF UNIT IS GET FROM THE LAST DATE OF PUR
CHASING
LAST VALUE : 300 UNIT X 2500 = 750.000
FIFO PERPETUAL METHOD

PURCHASING SELLING BALANCE

DATE UNIT P/U TOTAL UNIT P/U TOTAL UNIT P/U TOTAL

JN, 1 1000 1500 1000 1500

3 2500 1600 1000 1500

2500 1600
5 1000 1500 2000 1600
500 1600
7 3000 1750 2000 1600
3000 1750
9 2000 1600 3000 1750
10 5000 2000 3000 1750
5000 2000
11 3000 1750 4800 2000
200 2000
LIFO PERIODIC METHOD
PRICE OF LAST UNIT IS GET FROM THE FIRST DATE
OF PURCHASING
LAST VALUE : 300 UNIT X 1500 = 450.000
LIFO PERPETUAL METHOD
PURCHASING SELLING BALANCE
DATE
UNIT P/U TOTAL UNIT P/U TOTAL UNIT P/U TOTAL
JN, 1 1000 1500 1000 1500
3 2500 1600 1000 1500
2500 1600
5 1500 1600 1000 1500
1000 1600
7 3000 1750 1000 1500
1000 1600
3000 1750

9 2000 1750 1000 1500

1000 1600
1000 1750

10 5000 2000 1000 1500

1000 1600
1000 1750
5000 2000

11 ETC…..
AVERAGE PERIODIC METHOD
PRICE OF LAST UNIT IS GET FROM THE AVERAG
E FROM FIRST DATE ‘TILL LAST DATE OF PURCH
ASING
P1+P2...../FREQ
1500+1600+1750+2000+2500=1870
LAST VALUE : 300 X 1870 = 561.000
AVERAGE PERPETUAL METHOD
EVERY PURCHASE UNIT, CALCULATE THE NEW
AVERAGE
 PURCHASING SELLING PBALANCE
TGL
UNIT P/U TOTAL UNIT P/U TOTAL UNIT P/U TOTAL

JN, 1 1000 1500 1000 1500

3 2500 1600 1000 1500 1500000

2500 1600 4000000
3500 1142,86 5500000

5 1500 1142,8 1714285 2000 1142,8 3785715

7 3000 1750 2000 1142,8 3785715

3000 1750 5250000
5000 1807 9035715

9 2000 1807 3000 1807

10 5000 2000 3000 1807 ……..

5000 2000 ……..
8000 / ……..

11 ETC…..
Thank you