In December 2022, Hp Trading Company had the following transactions:

1. Purchased a used truck for transporting goods for the company for a price of 300 million VND, with 30% paid via bank transfer and the remaining balance owed to the seller. The truck registration fee was 1 million VND, the road tax was 10 million VND, and the annual insurance fee of 5 million VND was paid in cash. The truck was immediately put into use for the transportation department, with a useful life of 10 years.

2. Received 5 laptops into inventory to equip various departments, purchased at a price of 15 million VND each, and paid for via bank transfer.

3. Conducted the following inventory and sales transactions:

Day	transaction	unit price	Import		export		exist
			quantity (kg)	Total	quantity(kg)	Total	quantity (kg)	Total
First period		10.000					10	100.000
01/01	Buy	11.000	200	2.200.000
05/01	sold 150 quantity
15/01	Buy	12.000	300	3.600.000
25/01	sold 320 quantity
Plus
End of term

Requirement:

1. Analyze and determine the original cost of the truck (Capital Expenditure). Classify the truck and laptop into which account category?

2. Calculate the cost of goods sold during the period using the first-in, first-out (FIFO) method and the weighted average cost method for inventory and sales activities. Analyze the impact of these two inventory valuation methods on the income statement (based on existing data) and balance sheet (based on increasing or decreasing purchase prices). The group will provide a choice of inventory valuation method for the company, knowing that the selling price remains constant at 20,000 VND per unit. Operating expenses account for 20% of revenue.