The way you teach is amazing. In my university experience, the burden of teaching the material is often passed on to the student (reading the textbook) as my professors often breeze through complex topics and seem to rush through the material to finish as early as possible. The teaching style is key to a student's success in terms of how a professor is to carry his or her students through difficult topics by breaking them down and simplifying them. The world needs more teacher like you.
why does the final formula not take into account of the beginning WIP in the denominator? if there was beginning whip that is partially complete, why do we not consider that when calculating equivalent units? we begin with non complete units right? sorry i'm very confused.
Hi Temilade...in the very last slide at the end of this video I show a formula for calculating cost per equivalent unit, and this is the weighted-average method (not the FIFO method, which is a bit more complex). I don't have any videos yet that show this calculation being done...I've only shown the weighted-average formula here.
From the following information prepare statement of equivalent unit Particulars. Unit Opening stock of inventory. 500 (60% complete) Unit introduce during year. 10000 Closing stock of inventory. 200 (40% complete)
Thanks for the great videos. By the way are you Ray Dalio because you sound like him and I would imagine he teaches accounting in a very clear way too. lol
That's a kinda happiest moment when the excellent teaching helps a lot.
The way you teach is amazing. In my university experience, the burden of teaching the material is often passed on to the student (reading the textbook) as my professors often breeze through complex topics and seem to rush through the material to finish as early as possible. The teaching style is key to a student's success in terms of how a professor is to carry his or her students through difficult topics by breaking them down and simplifying them. The world needs more teacher like you.
This video was a huge help. Gave me that ah-ha moment after days of studying my text and not understanding
the very same thing happened to me) thanx to The Accounting Tutor!
very clear and concise teaching in a straightforward way. Appreciated.
Thanks from a brazilian student applying for a government test!!!
Thanks Larry, best explained lecture online. I'm studying accounts in England and your example and explanation to process costing is brilliant.
This is amazing!!!
It really helped me understand the concept of Process Costing and how to calculate Equivalent Units.
Thank you
you are the accounting Jesus Christ I have been looking for. Saved me.
It's much clearer than my prof's lecture. Love it.
Thank you so much, I finally understanding this topic.
Taking a test tomorrow.
wow - seriously this was incredibly helpful. I understand this so much better now!
You just clarified all the questions I had - many thanks! Are there more videos that delve into the losses?
Excellent 👍. U have made it to understand sooooooooo easy SIR. Thanks a lot.
thank you so much really extremely helpful , I would recommend this video for anyone whom straggling with EUP
I also had that aha moment after watching this in prep for CMA exam. Thank you!
very clear, very helpful. Thank you Professor Lazofson!
wow. I finally understand this now. this video is awesome. it's really pretty simple. thanks!
Good and Clear Explanation! Thanks Larry, you really help a lot for my test this week :D
very helpful and well explained, its a great video to help gain a clear understanding!
Larry.
Thank you so much for the video.it was great example
Great walkthrough. Thank you TAT.
Thank you for your video, your explanation is excelent.
You are the best! Cant thank you more!
very comprehensive, understandable! thanks Sir
Nice job of fully explaining the process.
this is exactly what i am looking for!
why does the final formula not take into account of the beginning WIP in the denominator? if there was beginning whip that is partially complete, why do we not consider that when calculating equivalent units? we begin with non complete units right? sorry i'm very confused.
Hi, I was wondering what if we have abnormal gain? How do we proceed with the balancing of the physical units and equivalent units? Thank u!!
Excellent explanation... great help...
A great tutorial. But I just have one question: Why don't you use power point?
Thx professor ... I have an mangement accounting exam in a few hour :)
+kuang tan me too, today.
Thank you so much for this!!!!
i love the way you explain its really helpful, do you happen to have videos on process costing- fifo and weighted average method?
Hi Temilade...in the very last slide at the end of this video I show a formula for calculating cost per equivalent unit, and this is the weighted-average method (not the FIFO method, which is a bit more complex). I don't have any videos yet that show this calculation being done...I've only shown the weighted-average formula here.
Thanks a lot, best explanation ever,
awesome explanation God bless You.
Thank you, amazing.
Amazing. Thank you!!
Thanks a lot, best explanation eve
Great explanation, Thank you
very informative! thanks!
From the following information prepare statement of equivalent unit
Particulars. Unit
Opening stock of inventory. 500
(60% complete)
Unit introduce during year. 10000
Closing stock of inventory. 200
(40% complete)
Awesome! Thank You
thank you for this video
very helpfull! thanks a ton :)
Good video. Thanks
One word.... I love you
Sir haha you are passionate...thank you
Thank you sir God bless you
great video
Thank you~
Thank you 🙏🏽
Thanks for the great videos. By the way are you Ray Dalio because you sound like him and I would imagine he teaches accounting in a very clear way too. lol
great help
thank prof.
thank you sir 😊
Thank You:)
Excellent (y)
Thumbs up 👍..
fifo plzzzzzzzzzzzzzzzz prof. ??????????????????