Cara Menghitung Nilai Persediaan Akhir Metode FIFO Periodik

Summary

In this video, the speaker demonstrates how to calculate the ending inventory value using the FIFO (First-In, First-Out) method for periodic inventory data. The process involves determining the total inventory, accounting for purchases and sales, and applying FIFO to figure out which items are sold first. The speaker walks through the calculation of the remaining stock, explaining how to compute the value of the ending inventory based on unit prices. The final result is an ending inventory value of 90,160,000, offering a clear understanding of FIFO inventory valuation.

Takeaways

• 😀 The video discusses calculating ending inventory using the FIFO (First In, First Out) method in a periodic system.
• 😀 The first step is to determine the total inventory, which includes the starting inventory and any additional purchases.
• 😀 Total inventory is calculated by adding 100 kilos of starting inventory, 500 kilos of purchased stock, and 50 kilos of additional purchases, resulting in 650 kilos of total inventory.
• 😀 Next, the total sales amount is calculated by adding 300 kilos and 250 kilos, resulting in 550 kilos of total sales.
• 😀 Ending inventory is determined by subtracting total sales from total inventory, which gives 100 kilos of remaining inventory.
• 😀 FIFO is applied to determine which stock is remaining, with the first units purchased being sold first.
• 😀 The FIFO method requires the remaining 100 kilos to be valued by using the latest purchase and earlier stock.
• 😀 50 kilos of remaining stock is valued at 370,000 per kilo (from the latest stock), totaling 18,500,000.
• 😀 The remaining 50 kilos is valued at 500,000 per kilo (from the earlier stock), totaling 25,000,000.
• 😀 The final value of the ending inventory is the sum of these two amounts: 18,500,000 + 25,000,000 = 43,500,000.
• 😀 The video concludes with the statement that the ending inventory value, using FIFO in a periodic inventory system, is 43,500,000.

Q & A

What is the FIFO method in inventory management?

FIFO stands for First In, First Out, which is an inventory management method where the first items purchased (the oldest stock) are assumed to be sold first.

What does 'periodic inventory system' mean?

The periodic inventory system means that the inventory levels are updated at specific intervals, such as weekly or monthly, instead of in real time.

How is the total inventory calculated in the script?

Total inventory is calculated by adding the starting inventory and the purchased quantities together, resulting in the total stock available.

What is the total sales volume in the given script?

The total sales volume is 550 kg, which is the sum of 300 kg and 250 kg sold.

How is the ending inventory calculated?

The ending inventory is calculated by subtracting the total sales volume from the total inventory. In this case, 250 kg is left after 550 kg is sold.

Why is the ending inventory value calculated using FIFO?

The FIFO method is used to value ending inventory by assuming that the earliest purchased items are sold first, so the remaining inventory consists of the most recently purchased stock.

How is the value of the remaining 250 kg of inventory calculated?

The 250 kg of remaining inventory is valued by multiplying the 200 kg with a unit price of 370,000, and the remaining 50 kg is valued using another unit price, which is then summed up.

What is the total value of the ending inventory?

The total value of the ending inventory is calculated as 74,100,000 plus 17,500,000, resulting in 91,600,000.

What happens if the FIFO method was not used?

If FIFO was not used, the value of the ending inventory could be different, as a different method such as LIFO (Last In, First Out) or weighted average would prioritize different items in terms of valuation.

How does the FIFO method affect financial statements?

The FIFO method affects financial statements by ensuring that the oldest costs are matched against revenue, which can impact the cost of goods sold and, in turn, profit margins and taxes.