PT. Antigen follows the practice of pricing its inventory at LCNRV on an individual items basis (dalam Rp. 000.000) on December 31 2009: Item No Quantity Cost per Unit NRV per Unit 1320 1333 1426 1437 1510 1522 1573 1626 1.200 900 800 1.000 700 500 3000 1.000 3.2 2.7 4.5 3.6 2.25 3.00 1.8 4.7 4.15 3.00 4.6 2.95 2.45 3.4 1.75 5.5 (i) Determine the inventory as December 31 2019 by the LCNRV method, applying to this method to each item (ii) Determine the inventory as December 31 2019 by the LCNRV method, applying the method to the total of the inventory
PT. Antigen follows the practice of pricing its inventory at LCNRV on an individual items basis (dalam Rp. 000.000) on December 31 2009: Item No Quantity Cost per Unit NRV per Unit 1320 1333 1426 1437 1510 1522 1573 1626 1.200 900 800 1.000 700 500 3000 1.000 3.2 2.7 4.5 3.6 2.25 3.00 1.8 4.7 4.15 3.00 4.6 2.95 2.45 3.4 1.75 5.5 (i) Determine the inventory as December 31 2019 by the LCNRV method, applying to this method to each item (ii) Determine the inventory as December 31 2019 by the LCNRV method, applying the method to the total of the inventory
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter7: Inventories
Section: Chapter Questions
Problem 4PEB: Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory...
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- PT. Antigen follows the practice of pricing its inventory at LCNRV on an individual items basis (dalam Rp. 000.000) on December 31 2009:
Item No |
Quantity |
Cost per Unit |
NRV per Unit |
1320 1333 1426 1437 1510 1522 1573 1626 |
1.200 900 800 1.000 700 500 3000 1.000 |
3.2 2.7 4.5 3.6 2.25 3.00 1.8 4.7 |
4.15 3.00 4.6 2.95 2.45 3.4 1.75 5.5 |
(i) Determine the inventory as December 31 2019 by the LCNRV method, applying to this method to each item
(ii) Determine the inventory as December 31 2019 by the LCNRV method, applying the method to the total of the inventory
- Each of the following gross profit percentage is expressed in term of cost.
Indicate the gross profit percentage in terms of sales for each of the above
(i) 20%
(ii) 25%
(iii) 331/2%
(iv) 50%
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