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Ini adalah slide presentasi bahasa Inggris untuk materi Akuntansi SMK >> Perpetual FIFO
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PERPETUAL FIFO
Adora Aline AlfianaVocational High School
surAKARTA
What is Perpetual .. ?
System of inventory control which is continuously records all of the
change of inventory.
Advantages using Perpetual :
• Continuous determination of inventory value
• Continuous determination of gross profit
• Companies can know the quantity and price
of their inventories, every time
PERPETUAL
Inventory Method
FIFO (First In First Out)LIFO (Last In First Out)
AVERAGE
FIFO Method
The FIRST inventories bought are the FIRST ones to be sold, and
inventories which bought later are sold
later.
The Form Of Inventory Card
DATE
DOC. NUMBER
DESCRIPTION
INUNIT PRICE TOTAL
OUTUNIT PRICE TOTAL
BALANCEUNIT PRICE TOTAL
Company’s NameINVENTORY CARDAccounting Period
Item Name : Page :
ABC Company has records as follow :1st January 2012 : Beginning Balance of HP-1 is
30 unit at $10 each.3rd January 2012 : There is a purchase of HP-1
from Jay Company, 50 unit at $20 each.4th January 2012 : There is a sales from Gold
company, 40 unit at $22 each.
Examples :
Let’s Record
DATE DOC. NUMBER DESCRIPTION
IN OUT BALANCE
UNIT PRICE TOTAL UNIT PRICE TOTAL UNIT PRICE TOTAL
ABC CompanyINVENTORY CARD
January, 2012
Item Name : HP-1 Page : 1
2012Jan
1 Op. Balance 30 $10 $300
1st Jan : Opening Balance, 30 unit @$103 Jay Comp. 50 $20 $1000 30 $10 $30050 $20 $1000
4 Gold Comp. 30 $10 $300 --10 $20 $200 40 $20 $800
3rd Jan : Purchase, 50 unit @$20
4th Jan : Sales, 40 unit @$22
- THANK YOU -