Great tutorial lessons !I have fully grasped FIFO using perpetual system for one hour . Thanks Brandy ! Please will you help us to upload a video for calculating LIFO.
I am kind of confused on where you got the 1,300 and 7,120 from the Jan 27 purchase because when I add all the units it gives me more than the number you wrote down maybe it’s because it’s so early in the morning but I really don’t know how you did it.
What if the first entry was a sale instead of a purchase? Usually the beginning inventory and another purchase show up first and I know how to work that but what if a sale is the first thing recorded following beginning inventory?
If the first entry of the year is a sale then you don't have anything to average. You would use the cost per unit from the beginning inventory to calculate COGS :)
hellooo thankyou for this video! :) may i check with you how will the inventory be impacted if we include freight charges with the purchases? please help me as i am trying to complete my homework with your help hahha thankyouu once again!! :)
Mmmm I wish you would walk us through it. This is a bit confusing to try to make sense of all the numbers and what your doing at the same time that you are explaining. Detail out what figures represent what for example this column is the cost per unit, or total cost, etc. it all just becomes figures being thrown at me otherwise
Your comment was made 2 years ago, but for persons now seeing it you can modify the play speed of TH-cam videos by clicking the gear icon at the bottom right corner
I was stuck on this problem for 2 hours and I finally got it thanks to your video. Appreciate it greatly.
You're the reason why I'm passing my exam
OMG I ONLY USE THESE VIDEOS TO UNDERSTAND UNIVERSITY LEVEL ONLINE ACCOUNTING THANK YOU SO MUCH
video explains this method better than the textbooks!!
Amazing tutorial! I have an exam today and was stressed on how to do this. I am now stress free!
I hope you aced your exam!
me too....
THANKS SO MUCH! I have LIFO and FIFO pretty much down, but was confused how to get the middle number in weighted average. Got it now!
This was a very helpful video! THANK YOU for making it and teaching!
Thanks a lot for sharing for your experience, It was very clear and use full lecture.
Thanks so much you are helping me cram the whole lesson in 1 day before my final :D
You’re an amazing teacher thank you for these videos !!
Thank you , i am from Azerbaijan. This is very helpful for me.
Hello from Canada 🇨🇦! Thank you so much for sharing where you are from - I love how the whole world can learn together 💛
Excellent done and precise lecture
You made it so easy to understand! Pls pls make videos on other inventory methods (moving average and retail invty etc.) also :)
Thank you so much!
thanks so much its easy , your explanation is very good
Nicely Explained :) Keep up the good work :) Miss Brandy..
otherwise nice short and straight forwad help. thanks so much and you have a beautiful voice
Great tutorial lessons !I have fully grasped FIFO using perpetual system for one hour . Thanks Brandy ! Please will you help us to upload a video for calculating LIFO.
I am kind of confused on where you got the 1,300 and 7,120 from the Jan 27 purchase because when I add all the units it gives me more than the number you wrote down maybe it’s because it’s so early in the morning but I really don’t know how you did it.
I love your videos. once you actually started in one item example I easily get it ..I love that you are straight to the point and very clear..
Wow you made it so easy
😊Thank you
You are so welcome. I’m sincerely happy it helped
Thanks soooo much you are so helpful and your discussion is very easy! And make me feel comfortable
You are very welcome! I’m glad it helped 😃
You are a life saver! Thank you
thank you so much you helped me a lot. my final exam is in a week i hope i can pass it :)
how did u get $7120 after 27 jan purchase?
Explained very clear. Thanks.
How to deal with sales return if any ?
Thanks alots. Now I can settle my confusing
Thank you so much... now I can understand so much better... Please do for LIFO method too
Just know you arestill saving exams after 8 years thank you
THANK YOU!!! THIS HELPED SO MUCH!!!!!!!
Great explanation! Thank you so much!
What if the first entry was a sale instead of a purchase? Usually the beginning inventory and another purchase show up first and I know how to work that but what if a sale is the first thing recorded following beginning inventory?
If the first entry of the year is a sale then you don't have anything to average. You would use the cost per unit from the beginning inventory to calculate COGS :)
How would you calculate the gross margin?
what happens to the cost per units if there is a purchase return?
Thank you! Extremely helpful.
Man idk... I’m looking for the continuous weighted avg method... can you make that? Plzz
wowwww amazing!
Thank you for this video
hi! how do i find ending inventory? love your vids
Thank you! Stay safe !
Do you have any idea how to automate this process in the excel ?
thanks this was very helpful...
what did you add up to get 1300 and 7120??
Same question
Can you tell me which part of the video you are looking at (the time stamp) so I can have a look?
4:31
I know you posted this 5 months ago but I'm just here to say thank you!!
it's: 1,300=1,250-650+400+300
and 7,120=7,750-4,030+1,600+1,800
:)
great great video..
what about returns??
is the cost of goods sold 7866 or 1350? or do i add them? i was unclear at the end and what was the ending inventory, thanks for such a great video
The cost of goods sold for the MONTH is $7866 (4,030 + 3,836).
Is this IFRS edition??
hellooo thankyou for this video! :) may i check with you how will the inventory be impacted if we include freight charges with the purchases? please help me as i am trying to complete my homework with your help hahha thankyouu once again!! :)
This is using LIFO?
Thank you by the way.
Mmmm I wish you would walk us through it. This is a bit confusing to try to make sense of all the numbers and what your doing at the same time that you are explaining. Detail out what figures represent what for example this column is the cost per unit, or total cost, etc. it all just becomes figures being thrown at me otherwise
so helpful thank you.
i see an addition error 4030+ 1600 +1800 = 7430 not 7120
Is there another video on Lifo Perpetual?
lol ok
I don’t have any on LIFO because I’m in Canada and it’s not used up here. I can make one for my American friends in the future though :)
How about sales return???
Here, My concept is clear now
So happy it helped Muskan!
I love the videos! I had to pause a few times because you speak really fast. Other than that, thanks!
Imagine having me as your teacher! That's why I have these videos for my students so they can pause and rewind :)
Your comment was made 2 years ago, but for persons now seeing it you can modify the play speed of TH-cam videos by clicking the gear icon at the bottom right corner
Thank you for doing this video! You are awesome and beautiful.
Inventory system is most important when making a product is purchase is made in sale.
Thank you so much
Thank you
G.O.A.T
600*5.48=3288
I like the video but too fast.
speak slower when explaining.
thank you