复旦管院会计学2010考试试题

复旦大学管理学院

2010～2011学年第一学期期末考试试卷

□A卷

课程名称：_________会计学 _________ 课程代码：__ _MANA120003____ 开课院系：_______管理学院 __________ 考试形式： 闭卷 姓 名： 学 号： 专 业： 题 号 得 分 1. 1. Aloha Company uses a perpetual inventory system. It entered into the following calendar-year 2008

purchases and sales transactions.

1 2 3 4 5 6 7 8 9 10 总 分 Date Jan.1 Jan.10 Feb.12 Feb.15 July .21 Aug.5 Aut.10 Required

Activities Beginning Inventory Purchase Purchase Sales Purchase Purchase Sales Total Units Acquired at Cost 700 units @ $55/unit 550 units @ $56/unit 220 units @ $57/unit 270 units @ $58/unit 445 units @ $59/unit 2185 units Units Sold at Retail 900units @ $90/unit 750 units @ $90/unit 1650 units 1. Compute cost of goods available for sale and the number of units available for sale. 2. Compute the number of units in ending inventory.

3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) specific identification—units

sold consist of 700 units from beginning inventory, 500 units from the January 10 purchase, 220 units from the February 13 purchase, 200 units from the July 21 purchase, and 30 units from the August 5 purchase, and (d) weighted average—round per unit costs to tenth of a cent and inventory balances to the dollar.

4. Compute gross profit earned by the company for each of the four costing methods in part 3.

5. If the company’s manager earns a bonus based on a percent of gross profit, which method of inventory

costing will the manager likely prefer?

答案

1. Compute cost of goods available for sale and units available for sale

700 units @ $55 $ 38,500 Beginning inventory ........................... = Jan. 10 .................................................. 550 units @ $56

=

Feb. 13 .................................................. 220 units @ $57

=

July 21 .................................................. 270 units @ $58

=

Aug. 5 ................................................. 445 units @ $59 =

Units available ..................................... 2,185 units Cost of goods available for sale ........

2. Units in ending inventory

Units available (from part 1) .................2,185 Less: Units sold (given) ........................

1,650 Ending Inventory ...................................

535

26,255

$123,755 15,660 12,540 30,800

3a. FIFO perpetual

Date 1/1

Goods Purchased

Cost of Goods Sold

Inventory Balance 700 @ $55 = $38,500

700 @ $55 = $69,300 550 @ $56 700 @ $55

550 @ $56 = $81,840 220 @ $57

350 @ $56

220 @ $57 = $32,140

1/10 550 @ $56 = $30,800

2/13 220 @ $57 = $12,540

2/15

700 @ $55

200 @ $49,700

$56 =

7/21 270 @ $58 = $15,660

350 @ $56

220 @ $57 = $47,800 270 @ $58

350 @ $56 220 @ $57

270 @ $58 = $74,055 445 @ $59

90 @ $58

445 @ $59 $31,475 8/5 445 @ $59 = $26,255

8/10

350 @ $56

220 @ $57 = $42,580 180 @ $58

_______ $92,280

=

Alternate FIFO solution format

Cost of goods available for sale ........................ Less: Cost of Goods Sold 700 @ $55 .....................................$38,500 200 @ 56 ...................................11,200 350 @ 56 ...................................19,600 220 @ 57 ...................................12,540 180 @ 58 ................................... 10,440 1,650 Total cost of goods sold .....................................

$123,755

92,280 Ending Inventory ................................................. Proof of Ending Inventory 90 @

$58

445 @

$59

Ending Inventory .....................................................535 units

$ 31,475

$ 5,220 26,255 $ 31,475

3b. LIFO perpetual

Date 1/1

Goods Purchased

Cost of Goods Sold

Inventory Balance 700 @ $55 = $38,500

700 @ $55

550 @ $56 = $69,300

700 @ $55

550 @ $56 = $81,840 220 @ $57 570 @ $55

= $31,350

1/10 550 @ $56 = $30,800

2/13 220 @ $57 = $12,540

2/15

220 @ $57

550 @ $56 = $50,490 130 @ $55

7/21 270 @ $58 = $15,660

570 @ $55

270 @ $58 = $47,010 570 @ $55 270 @ $58 445 @ $59

8/5 445 @ $59 = $26,255

= $73,265

8/10

445 @ $59

270 @ $58 = $43,840 35 @ $55

_______ $94,330 535 @ $55 = $29,425

Alternate LIFO solution format

Cost of goods available for sale ....................... Less: Cost of Goods Sold 220 @ $57 .......................................$12,540 550 @ 56 .....................................30,800 130 @ 55 ..................................... 7,150 445 @ 59 .....................................26,255

$123,755

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