PERHITUNGAN PERSEDIAAN BARANG DAGANG MENGGUNAKAN METODE FIFO DAN LIFO

Abstract

Several methods of calculating or recording stock inventory that are popularly used are the FIFO, LIFO, and Average methods. In accounting, inventory can be calculated in several methods, where this method can be adjusted to the type of company and also the interests of the company. The research objective is to find out how to calculate the Ending Inventory, Cost of Goods Sold using the FIFO and LIFO methods. The research results show that the calculation of Inventory Value, Cost of Goods Sold using the FIFO and LIFO methods gives different results. Inventory cost flow method with FIFO assumes the cost flow of outgoing inventory is taken from the cost of the first incoming inventory. The LIFO method assumes the first units of inventory purchased will be issued last.