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    Purchase of Inventories Purchase of Welfare Goods: Inventory Held For Sale Inventory Held For Distribution

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    Nicole Autriz
    1. The document outlines different types of inventory including inventory held for sale, distribution, manufacturing, and consumption. 2. It provides details on the purchase and sale of merchandise inventory, welfare goods, raw materials, finished goods, work in process inventory, and office supplies. 3. The document also includes information on revenue and expense accounts related to cost of sales, sales discounts, manufacturing overhead, depreciation of semi-expandable assets, and impairment of different inventory types.

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    © All Rights Reserved
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    Purchase of Inventories Purchase of Welfare Goods: Inventory Held For Sale Inventory Held For Distribution

    Uploaded by

    Nicole Autriz
    25 views3 pages
    1. The document outlines different types of inventory including inventory held for sale, distribution, manufacturing, and consumption. 2. It provides details on the purchase and sale of merchandise inventory, welfare goods, raw materials, finished goods, work in process inventory, and office supplies. 3. The document also includes information on revenue and expense accounts related to cost of sales, sales discounts, manufacturing overhead, depreciation of semi-expandable assets, and impairment of different inventory types.

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    GovAcc

    Original Title

    Inventories JE

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    1. The document outlines different types of inventory including inventory held for sale, distribution, manufacturing, and consumption. 2. It provides details on the purchase and sale of merchandise inventory, welfare goods, raw materials, finished goods, work in process inventory, and office supplies. 3. The document also includes information on revenue and expense accounts related to cost of sales, sales discounts, manufacturing overhead, depreciation of semi-expandable assets, and impairment of different inventory types.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    25 views3 pages

    Purchase of Inventories Purchase of Welfare Goods: Inventory Held For Sale Inventory Held For Distribution

    Uploaded by

    Nicole Autriz
    1. The document outlines different types of inventory including inventory held for sale, distribution, manufacturing, and consumption. 2. It provides details on the purchase and sale of merchandise inventory, welfare goods, raw materials, finished goods, work in process inventory, and office supplies. 3. The document also includes information on revenue and expense accounts related to cost of sales, sales discounts, manufacturing overhead, depreciation of semi-expandable assets, and impairment of different inventory types.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
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    INVENTORY HELD FOR SALE INVENTORY HELD FOR DISTRIBUTION WiP Inventory

    Merchandise inventory xxx Welfare Goods for Distribution xxx


    Cash- MDS, Regular xxx Accounts payable xxx
    purchase of inventories Purchase of welfare goods

    Cash- CO xxx Accounts payable xxx Finished goods inventory


    Saled discount xxx Cash- MDS, Regular xxx
    Sales revenue Payment
    Sale of merch at a dsic Cash-CO
    Welfare Goods Expense xxx
    Cost of Sales xxx Welfare Goods for Distribution xxx
    MI xxx Issuance or distribution Cost of sales
    recog sale of merch inv
    Revenue and expense summary xxx
    Sales revenue xxx Welfare goods expenses xxx Sales Revenue
    RE summary xxx close expense account
    Close rev account
    Accum surplus/(deficit) xxx RE summary
    RE summary xxx Revenue and expense summary xxx
    Cost of sales xxx
    Sales Disc xxx
    INVENTORY HELD FOR MANUFACTURING RE Summary
    RE Summary xxx RMI xxx
    Accum surplus/(deficit) xxx Cash- MDS, Regular xxx
    pruchase of raw materials INVENTORY HELD FOR CO
    Office supplies Inventory
    Direct Labor xxx
    Cash-MDS, Regular xxx
    DL Office Supplies expense

    Manufacturing overhead xxx


    Cash-MDS, Regulaar xxx
    IMPAIRMENT INVERNTORIES HELD FOR SALE
    Assume:
    Csot xxx Est SP xxx
    NRV (xxx) Est Cost of disposal (xxx)
    IL xxx NRV xxx

    IL-Inventories xxx
    Merchandise inventory xxx

    IMPAIRMENT INVERNTORIES HELD FOR DISTRIBUTION


    Cost xxx
    Current replacement cost (xxx)
    IL xxx

    IMPAIRMENT HELD FOR MANUFACTURING


    IL-inv xxx
    RMI xxx

    RMI xxx
    Accum surplus/(def) xxx
    Recognize the reversal of write-down of RMI
    WiP Inventory xxx Revenue and expense summary xxx
    RMI xxx Office Supplies expense xxx
    DL xxx close expense account
    MO xxx
    Accum surplus/(deficit) xxx
    Finished goods inventory xxx Revenue and expense summary xxx
    WiP Inventory xxx
    SEMI-EXPANDABLE
    xxx Semi-expandable Macinery xxx
    Sales revenue xxx Cash-MDS. Rehular xxx

    Cost of sales xxx Semi-expandable Office equipment xxx


    FGI xxx Cash-MDS. Rehular xxx

    Sales Revenue xxx Semi-expandable Macinery


    RE summary xxx and equipment expenses xxx
    Semi-expandable Macinery xxx
    RE summary xxx Semi-expandable Office equipment xxx
    Cost of sales xxx
    Repairs and Maintenance-SEME xxx
    Cash-MDS, Regular xxx
    RE Summary xxx
    Accum surplus/(deficit) xxx
    RE Summary xxx
    INVENTORY HELD FOR CONSUMPTION Semi-expandable Macinery
    Office supplies Inventory xxx and equipment expenses xxx
    Accounts Payable xxx Repairs and maintencance-
    Semi-expandable Macinery
    Office Supplies expense xxx and equipment = xxx
    Office supplies inventory xxx
    Accum surplus/(deficit) xxx
    Revenue and expense summary xxx

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