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At the end of December 31, 2021, Aria, a new accounting staff of PT Diamond Transportation, reports the company's inventory to his Finance Assistant Manager
At the end of December 31, 2021, Aria, a new accounting staff of PT Diamond Transportation, reports the company's inventory to his Finance Assistant Manager as shown below. Aria asked what he should do with the report. The assistant manager asked you to support Aria Inventory Information Inventory Type Cost Cost to Sell Cost to Complete Selling Price Car Golf-A 25,000 1,600 1,200 32,000 Hallo 40,000 2,000 4,200 45,000 Bestiary 36,000 1,800 3,000 42.400 Motorcycle 5.000 700 Beast 8,000 6,500 1,000 1,500 Golden Crown 8,500 Eagle 12,000 1,900 4,300 18,000 Instructions 1. Compute the amount of each inventory that must be reported in the financial statements. 2. Prepare any necessary journal entries. 3. Prepare a draft of inventory disclosure draft that will be included in the financial statements. You are allowed to use your own assumption if the information you need is not stated in the report. Show your computation IND 19.12 09/03/2021
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