Inventory

INVENTORY

Inventory is assets items that had by company for sales of business operating , or goods will used or is consumed in make goods that be sold. Description and measure inventory need celerity. 

The cost charged to the goods and raw materials on hand but not yet reported as diverted to the production of raw material inventory.At any point in the process of sustainable production, there are a number of units that have not been processed completely. Cost of raw materials for products that have been made but not yet completed, plus the cost of direct labor applied specifically to these raw materials and overhead costs are allocated, is persediaaan in the process.Costs associated with products that have been completed but not yet sold by the end of fiscal period are reported as finished goods inventory.Inventory Control 

1. Perpetual System 
Perpetual inventory system continuously tracks changes inventory account, which all purchases and sales of goods are recorded directly kea kun supplies in the event. Accounting characteristics of the perpetual inventory system is:

•  Purchasing merchandise for sale or purchase of raw materials for the production debited to inventory and not to purchase.

•  The cost of transportation in, purchase returns and price reductions, sertadiskon purchases debited to the inventory account instead of separately.

•  Cost of goods sold are recognized for each sale by debiting the cost of sales account and crediting Inventory.

•  Inventory is a control account supported by a subsidiary ledger containing individual inventory records. Ledger showing the quantity and cost of each type of inventory that is in the hands.

2. Periodic System 
According to the periodic inventory system, hand inventory quantities specified, as implied by its name, periodically. All purchases of inventory during the accounting period are recorded by debiting the account of purchase. Total purchases account at the end of the accounting period is added to the cost of inventory on hand at beginning of period utuk determine the total cost of goods available for sale during the period.

Then the total cost of goods available for sale minus the ending inventory to determine the cost of goods sold. Note that the periodic dalamsistem, cost of goods sold is the residual amount that depends on the outcome of the end of the physical inventory count.
Physical inventory calculations required by the periodic inventory system is done once a year at the end of each year.