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Accounting Assignment

Magister Management Universitas Indonesia


Faculty of Economic and Business

Group Members:

Achmad Saladin Beyri (1506699125)


Adian Putra Sayogya (1506699150)
Anna Mutiarsih (1506772536)
Bonny T. Antonio (1506699415)

ANSWERS

1. a. Gross margin percentage:


= Gross margin / sales
= $900 / $2000
= 45%
b. pre-tax return on sales
= pre-tax income / sales
= $300 / $2000
= 15%
c. pre-tax return on asset
= pretax income / asset
= $300 / $2240
= 13,4%
2. Akun yang berdampak terhadap pemilihan inventory accounting method,
antara lain:
a. Retained Earning (RE)
b. Cost of Good Sold (COGS)
Berikut table perbanding FIFO dan LIFO=
Account Effected

FIFO

LIFO

COGS

Lower than LIFO

Higher than FIFO

Inventory

Higher than LIFO

Lower than FIFO

Owner Equity

Higher than LIFO

Lower than FIFO

Gross Margin

Higher than LIFO

Lower than FIFO

Pretax Net Income

Higher than LIFO

Lower than FIFO

Tax Expense

Higher than LIFO

Lower than FIFO

Net Income

Higher than LIFO

Lower than FIFO

3. Morgan FIFO inventory = $100 LIFO inventory + $70 FIFO inventory = $170
FIFO inventory
Asset pada tahun 2010 = $2170 + $70 = $2240
Perbedaan LIFO tahun 2010 dan FIFO COGS
= $70 (LIFO reserve tahun 2010) - $10 (LIFO reserve tahun 2009) =
$60

Adjustment untuk COGS tahun 2010


= $1110 - $60 = $950
Adjustment gross margin tahun 2010
= $890 + $60 = $950
Adjustment pretax net income tahun 2010
= $290 + $60 = $350
Gross margin percentage yg disesuaikan = $950 / $2000 = 47.5%
Pretax return on sales yg disesuaikan = $350 / $2000 = 17,5%
Pretax return on asset yg disesuaikan = $350 / $2240 = 16,6%
4.

Perbandingan kedua perusahaan


Gross margin
percentage

Pretax return
on sales

Pretax return on
asset

Morgan
Manufacturing

47,5%

17,5%

16,6%

Westwood

45%

15%

13,4%

Hasil perbandingan menunjukkan Morgan Manufacturing lebih perform


karena setelah dibandingkan menggunakan FIFO, ketiga ratio diatas lebih
besar presentasenya. Higher is better untuk ketiga ratio diatas.