中會存貨(英文) - 會計

Dot Company is taking a physical inventory in 2011/12/31.
The total products counted in the warehouse are 6,500 units including goods
consigned by others 800 units. Average unit cost is $15.

There are 870 units sold to Australia on 2011/12/29 by ship (FOB destination),
and 520 units sold to Japan on 2011/12/30 by ship (FOB shipping point).
The selling price is $18 per units.

Dot's policy about inventory and sales: Anything counted in warehouse regarded
as Dot's inventory.

Any inventory in transit excludes from ending balance of inventory. Whenever
get the sales order, they admitte the sales revenue.


Q1：The correct inventory ending balance is
(A) $98,550 (B) $90,750
(C) $80,250 (D) $72,450
ANS:(A)

Q2：Whether net income is correct or not?
If not, how much amount is overstated or understated?
(A) Overstate $22,410 (B)Understate $14,610
(C) Overstate $14,610 (D)Understate $22,410
ANS:(C)


----------------------------------------------------------------------------

我的答案
Q1：(6,500+870)*$15=$110,550
6,500 units including goods consigned by others 800 units.
不是指說6,500單位裡面，包含800單位寄銷在別人那嗎?

Q2：Net Income overstates 870*(18-15)=$2,610
目的地交貨，所以應等到買方收到才入帳，可是為什麼會高估到$14,610
這麼多呢?

--