COMPARISON OF CALCULATION OF STOCK VALUE USING FIFO AND AVERAGE METHOD IN XYZ STORE

DOI:

https://doi.org/10.62045/acfis.v1i1%20%20April.135

Keywords:

Commodity Stock, FIFO, and Average

Abstract

The pupoise of this research is to determine the comparison of counting value of the stock commodity by FIFO
and Average methods at the XYZ Store and to find out whether by the method the XYZ Store earns greater
profits. This study uses primary data from the commodity stock of XYZ Store. The research method used in
this study is commodity stock data at the XYZ Store. The analysis technique uses 2 different methods. The
first method uses the FIFO method (First In First Out) and the second uses Average method. This research is
limited to the problem of calculating the value of rice and sugar commodity in May 2018 only. The conclusion
of this study is that the final stock value and gross profit both of rice and sugar is greater in value in using the
FIFO method rather than using the Average method. Then, the price of the main cost sales of both rice and
sugar if using the FIFO method is lower than the cost of using the Average method. In the end, it is obtained
that by using the FIFO method, XYZ stores will get more benefit than using the Average method.

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Published

2019-05-20