Tugas Pengantar Akuntansi 2 : EXERCISE 17-12

EXERCISE 17-12

(a)

1.

	Dell Computer Corporation	Hewlett-Packard Corporation
Cost of Goods Sold	$ 29,055	$ 34,573
Inventory:
Beginning of period	$      278	$   5,204
End of period	$      306	$   5,797
Total	$      584	$ 11,001
Average (total : 2)	$      292	$   5,500.5

Inventory Turnover:

Dell Computer Corporation                            Hewlett-Packard Corporation

   = Cost of goods sold                                      = Cost of goods sold

      Average inventory                                                      Average inventory

   = $ 29,055                                                       =   $ 34,573 

         $ 292                                                              $ 5,500.5

   =  99.5                                                             = 6.3

2.

	Dell Computer  Corporation	Hewlett-Packard Corporation
Inventory, end of period	$      306	$   5,797
Cost of goods sold	$ 29,055	$ 34,573
Average COGS per day (COGS : 365)	$        79.6	$        94.7

The number of days’ sales in inventory:

Dell Computer Corporation                            Hewlett-Packard Corporation

    = Inventories, end of year                               = Inventories, end of year

            Average COGS                                               Average COGS

    = $ 306                                                            =    $ 34,573           

       $   79.6                                                               $        94.7

    = 3.8                                                                = 365.1

(b)