분야
pdfIFRS 4th Edition
Chapter 6
Inventories
재고자산
Weygandt ●Kimmel ●Kieso
Classifying and Determining Inventory
Merchandising
Company
상품매매업재고자산
One Classification:
Merchandise
Inventory 상품
Manufacturing
Company
제조업재고자산
Three Classifications:
Raw Materials 원재료
Work in Process 재공품
Finished Goods 제품
Helpful Hint
Regardless of the classification, companies report all inventories
under Current Assets on the statement of financial position.
4Copyright 2019 John Wiley & Sons, Inc.
49Copyright 2019 John Wiley & Son, Inc.
When the value of inventory is lower than its cost
Companies must “write down” inventory to its net
realizable value
Net realizable value: Amount that company expects
to realize (receive from the sale of inventory)
Example of conservatism
LO 4
Lower-of-Cost-or-Net Realizable Value (1 of 2)
저가법
50Copyright 2019 John Wiley & Son, Inc.
Illustration: Assume that Gao TVs has the following lines of
merchandise with costs and net realizable values as indicated.
Units
Cost
per Unit
Net
Realizable
Value per Unit
Lower-of-Cost-or-Net
Realizable Value
Flat-screen TVs 100NT$600NT$550NT$ 55,000(NT$550 x 100)
Satellite radios 5009010445,000(NT$90 x 500)
DVD recorders 850504840,800(NT$48 x 850)
DVDs 3,0005615,000(NT$5 x 3,000)
Total inventory NT$155,800
Lower-of-Cost-or-Net Realizable Value (2 of 2)
