[Cost Accounting and Control] Lecture 03 - Manufacturing Journal Entries [Tagalog]

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Hi! This is Sir Chua's Accounting Lessons PH.
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Cost Accounting and Control
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Lecture 03
Accounting Cycle for a Manufacturing Company
Journal Entries and
Statement of Cost of Goods Manufactured and Sold
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No handout for this video.
Credits to
Dr. Gloria A. Rante
for Problem 2 on normal costing
Cost Accounting 2013 edition
Suggested answer by Sir Chua
_________________________________________________________
Kevin Troy M. Chua, CPA
*Certified Public Accountant, October 2014
*BS Accountancy
*Master in Accountancy (CE Pending)
*NC-III Bookkeeping, TESDA
*Content Developer for Accountancy - Course Hero
*Accounting and Finance Lecturer
*Formerly from PwC - Isla Lipana & Co. and SM
_________________________________________________________
For comments and suggestions, you may put them down respectfully in the comments section below.
_________________________________________________________
For speakership invites, please do not hesitate to shoot an email at kevintroy.chua1994@gmail.com
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Opening, mid, and ending music:
Love Is • Macchiato
Music promoted by - d a y d r e a m -
Link: / @blu6683
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TO GOD BE ALL THE GLORY, HONOR, AND PRAISE FOREVERMORE!

Опубликовано:

18 сен 2024

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Комментарии : 174

@francisdanielmangune4298 3 года назад

You may not read this po since it's been over a month, but I learnt so much from this lecture! I hope you won't get tired of doing things like this thank you sir!

@preciousannwatin8288 7 месяцев назад

Sir Chuaaa! Grabe talaga po ang tulong ng mga videos nyo, simplified, understandable, at higit sa lahat wisdom applied from the Lord. You never failed to bring back to God all the glory, honor and praise. God bless po at maraming studyante at teachers pa ang matutulungan nyo po with God’s grace and favor (Philippians 4:13).

@RussMachi 3 года назад

A channel like this is really relevant and a must. Highly appreciated your lecture Sir Chua!

@shayneannesantos153 3 года назад

I am a micro business owner and have no idea on how to run inventory accounting. For someone who is not anywhere near to being an accountant, this is very easy to comprehend. Salute Sir Chua!

@wency5671 Год назад

Incoming 2nd year BSBA student at may subject na ganito. Complicated po pala siya buti na lang naisipan ko mag-advance study para kapag tinuro na di na ako masyadong hirap intindihin. Mas mainam ng ready hahahaha thank you so much po Sir Chua😊💓💝

@jannelleramirez9752 3 года назад

This channel became my tool for my review for qualifying exams! Grabe naging maliwanag sakin ang lahat as I watch your videos. How lucky your students are, Sir! Thank you so much!

@roxanneguieb 6 месяцев назад

From FABM 1&2 mula noong Grade 11 palang po ako dito ako mas natuto. Until now na 1st yr college na ako may subject na Cost Accounting sainyo pa rin aasa. Mas nagegets ko talaga kapag kayo. Thank you, Sir Chua!

@sidhaia 21 день назад

kakatapos ko lang sagutan assignment namin. hindi na ko kinakabahan para bukas in case magpa quiz huhu. laking tulong nung t accounts🥹 ewan ko ba bakit ang hirap ng lesson kapag prof nag didiscuss pero hindi naman pala ganun ka complicated kung manonood ka ng mga ganitong lectures sa youtube. this channel is such a big help for us na hindi graduate ng abm. thank you so much sir!!

@donneljamespalcone9375 2 года назад

Thank you so much Sir Chua for this detailed and clear explanation about Accounting for Manufacturing business.

@maceeortiguerra3790 3 года назад

Avid fan here sir...I find it very relevant in terms of studying further the different entries used in accounting cycle...Hope I can learn more of it.More power and God bless sir....your such a great teacher😊

@EuniceNagaba Год назад

you are the greatest of all seasons, kudos.

@loveshyyy_ 3 года назад

Salamat po, Sir. Andami ko pong natutunan. Godbless po!

@nyeongan7197 2 года назад

hi sir! i have been watching your video lectures for days now to prepare for our 2nd sem and I can say that this helped me a lot soooo I hope I can apply this when we finally start. Keep doing things like this po bcs you are really a big help to us :))

@jesserianbayani 7 месяцев назад

Hello po, sir. Thank you for this video, malaking tulong po ito! And it would be more lovely if may timestamps po yung video for us to skip around different sections of this topic.

@jessicaong8657 3 года назад

Kudos ! I highly appreciate all of your videos sir . Super helpful in times like this pandemic in which we need extra self-study sessions . Thank you very much 🥰

@norierosemancao6810 3 года назад

Thank you so much Sir Chua. Ikaw ang sumalba sa'kin sa paparating na quiz ko. Sana lahat ng prof katulad mo

@pamilyangpedro 3 года назад

Such a blessing po.Thank you sa mga lessons na ito.big help po sa mga katulad namin.

@user-oy6fp4tw6f 3 года назад

Thank you po! Sobrang clear po ng explanation nyo. Mas lalo ko pong naintindihan yung mga topics sa cost accounting through watching your videos. 😊 Sana all po ng prof kasing galing nyong magexplain. 😆

@philipjayperalta1874 3 года назад

Kudos sir Chua,. I'm here in your channel for almost a month, using for advance studying and at the same time takes supporting notes for terms i can'tt understand in books. I've found your lecture vid more effective :)

@ohmnanon_ronan 3 года назад

Dami ko pong natutunan. Thank you po. Don't skip ads guys. :)

@DaishinSeseYT 3 года назад

I truly appreciate this free lecture, Sir! Thank you!

@carinacarollomalinao7451 3 года назад

Normal ba yung feeling na mas madali ko pang naiintidihan to kesa sa university prof namen huhuhuhu. Thank you sir Chuaaaaa! ur da best!

@hopefuljoe 3 года назад

Sana all ganean kagaling mag explain. At sana ganean ko din ma explain sa prof ko pag ako tinanong sa class hehehehehe. Actually mas inuuna ko muna panoorin explanation neo tas read dun sa book😂.

@francescamesia4130 3 года назад

Thank you so much po sa lesson na 'toooo, it's a great help since I've been reading this topic in advance and hindi siya ganon kadali intindihin agad. Hope to see more po about Cost Acco and IntAcc po. Sana po magkaroon soon ng lessons about CFAS. Thank you po ulit sir!

@stantreasure1920 3 года назад

Grabe nagets ko agad! Dami ko natutunan, thankyou Sir!

@trishamaeaboc7469 3 года назад

Thank you for this sir! It has helped me to better understand our topic.

@yahnsam514 4 года назад

Thanks po sir.😍 Well explained and I recommend your video tutorials to my BSA friends po sir.😊

@sirchuasaccountinglessonsp3030 4 года назад

Yahn Sam Thank you! Pashare sa fb ha! Thanksssss

@cashleydejesus8660 3 года назад

GRABE GETS NA GET KO PO. AT SOBRANG LAKING TULONG PO ! THANK YOU PO SIR

@clingyvibes2303 4 года назад

Well explained. Thank you so much Sir😍

@jociellelehayan5010 Год назад

Thank you so much, sir Chua! 🌼❤️

@junediaz548 3 года назад

Hello po sir Chua..im newbie here...thanks po nannishare nyo ung kaalaman nyo po about manufacturing, i hope po may lesson din po kau kun paanu maggawa ng format for cost ng rawmats used sa isang recipe lyk bakery prods po..kc maramihan ingre... God Bless po

@dma1671 3 года назад

Thank you po for your detailed discussions sir! God bless you more po! Also, let us not skip ads to give back! :)))

@rubylifeintheprovince 4 года назад

Thankyouuuu so much po, sir! 💖 Mas napapadali po ang pag iintindi ko sa mga lessons ng cost acctg subs ko po. I've watched most of your videos here n your channel na po. 🥰 Super big help po siya kasi nga po self study lng kmi ngayon because of the new normal learning 🥺💖 PS: Suggest ko po, sana magkaroon na po kayo ng discussion related sa CVP Relationships( CVP analysis & break analysis). I know mas ma gets ko po kapag kayo mag discuss ksi ang galing nyo pong teacher. 😊 Thanks again & God bless po😇😇

@ryanmiguelsantiago 2 года назад

thank you po napakagaling ninyo magexplain!

@sunoossunshine7401 4 года назад

hello! i just discovered your channel because of online classes and super thankyou for this! hoping you'll tackle more about cost accounting or CFAS next :)))

@mariajulianamarin1118 3 года назад

sobrang helpful neto, Thank youuuuu po!! Godbless

@jul9778 Год назад

Watching all the lesson videos dahil malapit na midterm. :)))

@leonardoranias.2443 3 года назад

Ang galing mag explain thaaaankyou sir Chua🤗

@markjorizromero9881 2 года назад

Thank you so much for this discussion Sir.

@rheynalyntulod592 4 года назад

Rheynalyn. Sir, thankyou po sa effort na gumawa ng paraan para mas matuto kami 😊❤️ sobrang naaappreciated mo namin 😇💯

@ecinfinitysystem3423 2 года назад

Thank you so much sir Chua! Galingg!

@eshrn04102 2 года назад

I don't know why but your intro po sir is so nakaka good vibes hahaha More power po!

@jvg9482 Год назад

Your lesson is very helpful and quite comprehensible I just hope you have a lesson on Operation Management subject and Managerial accounting

@sirchuasaccountinglessonsp3030 Год назад

I have a Management Accounting playlist

@leejaygripon9360 2 года назад

Yung tugtug talaga eh 😅 Kala ko talaga iba na pinapanuod ko eh😂 Btw very clear and easy to understand po mga tinuturo nyo po sir AWESOME 😘

@imthelazyeight 7 месяцев назад

Thank you for the break, Sir!

@johnvincentherreramanuel8488 3 года назад

Gets. Thank you sir. God bless you 😉

@karizzasantos8289 3 года назад

Thank you sir, sana ganto rin magturo prof ko ❤️

@deliathegreat Год назад

Awesome sir, thank you 😌

@lajpena6798 3 года назад

eto nalang pag asa ko sa quali thank youuu sir

@chocobutternut7603 4 года назад

Thank you po! 🙏🏻🙏🏻

@ErollJayCela 2 года назад

I learned so much po🥰

@MalinaoJoyJeanG 10 месяцев назад

Thank you ❤

@mariyea69420 7 месяцев назад

thank you po so much

@cortadojeffersol8287 3 года назад

Thank you so much, sir! Very much helpful po. You're a saviour!

@shakeshake3065 Год назад

Thank you so much sir😭

@iancaesarcatayas6763 2 года назад

Thank you so much sir,

@markdavidangangan1111 7 месяцев назад

Me everytime na may nagpapakilalang bagng account title: Hello ;)

@lunaathena7635 4 года назад

Thank youuuuuu so much pooo!!! 💖

@janellejoycedipasupil8885 3 года назад

A big THANK YOU po 💯♡

@joshuasumayan1834 3 года назад

WOW!

@roqueriselle5181 3 года назад

galing mo po sir hahahahah thank you po ❤️

@sorianojhoanamarie6903 3 года назад

Thank you Sir

@kaelabella274 2 года назад

Grabe sir sana professor na lang kita 😭😭😭😭

@tamersalem7542 Год назад

Thank you for your interest in spreading science please help me get an Excel sheet Charts of accounts in an industrial activity Costs related to your explanation ❤

@gemalyndasco288 3 года назад

Thank youuu po!

@jenneferiloco5094 2 года назад

Hi sir chua. Thanks for this video and madali maintindihan yung lessons. May tanong lang po ako, pano ang valuation ng finished goods kung iba iba ang product? Product cost po ba x quantity? Because sa mfg naman hnd identiable yung % ng fg but ung actual qty nya ang avail? Thanks in advance.

@AkolAthiaan 28 дней назад

Cost accounting for Calculation

@jovenbaisa5091 11 месяцев назад

❤

@Kim_09404 3 месяца назад

❤❤❤

@AngeloGanaba 4 года назад

New Subscriber mo po ko sir, Maraming Salamat po. 💯

@clairejewelsantiago7013 3 года назад

kalahati pa lang ng first half napapanood ko feeling ko papasa na po ko sa quiz namin mamaya!

@JOHANNAPAULATORREFRANCA 7 месяцев назад

Off topic, but you sound like Kuya Vhong Navaro :)

@gustiyanmahardika2560 3 года назад

When Sir Chua said to "take a break" but I've been doing that every 5 minutes of this video.. hahahaha oh, my..

@salvadorallaineb.1013 3 года назад

WAAAHHH THANK YOUUU SIR DITO! NA BALANCE KO NA SFP KOOOO AHHHHHHHHHHHHH HAHAHAHAHAAH

@cristyrobiso8551 4 года назад

Robiso, Cristy Marie U. Thank you sir❤

@chantelynjoyteodoro8872 4 года назад

goodeve po, sana magkalesson din po kayo about financial accounting and reporting part1 huhu 👉🏼👈🏼

@sirchuasaccountinglessonsp3030 4 года назад

Chantelyn Joy Teodoro I have Intermediate Accounting 1 is that what you ate referring to?

@chantelynjoyteodoro8872 4 года назад

Sir Chua's Accounting Lessons PH opo, FAR part1: Sole proprietorship po

@sirchuasaccountinglessonsp3030 4 года назад

Ay okay. You can just revisit my Lesson 003-033 kasi accounting for sole properitorship yun. Although pang SHS pero college approach ko

@jellycamba9973 2 года назад

Hi sir chua.. lesson po namin ngayon itong cost accounting .. ask ko lang po yung problem m. Paano po nakuha yung 1.50 na cost plus mark up multiplier? Salamat po sa sagot.. mas naiintindihan ko po turo nyo kesa sa teacher ko dto sa sg.. mejo mabilis lang po kayo minsan kya may time nakakailang play back ako 😆 again sobrang salamat po😀

@jennyrosales7974 4 года назад

Jenny Thank you din Sir

@casinaskyanalouisse5559 Год назад

Hope ma notice! Ask ko lang po yung budgeted DL cost at DL, si DL ba is beginning balance? at si budgeted is yung ending balance? Nalilito po kasi ako bakit may budgeted na DL pa po. Kung budgeted DL is budget ni company sa DL, ano naman po pinagkaiba nun sa DL? Thank you po

@yagamielle5275 2 года назад

in job order costing when materials are returned to the storeroom, the journal entry to record the return is Ano po yung journal entry nito sir?

@truthsetusfree4856 Год назад

Tanggalan nyo po kase ang music Sir Chua para hindi po kayo ma restrict at maka download po ako ng video

@Kaatlin2 3 года назад

Thank you po for doing this, we really appreciate it po BIANCAAA!!

@sirchuasaccountinglessonsp3030 3 года назад

HAHAHAHAHA

@allyzamaranan7034 3 года назад

Thank you sir hulog ka ng langit 😭

@samkab677 3 года назад

When you say raw materials and wip and finished goods ..are those account 3 for inventory ? or account 6 for expenses?

@ChristineMaeCorpus Год назад

19:46

@jewelnoreenbustamante1020 2 года назад

Hi sir meron ka na pong video about NPV, IRR and Profitability Index?

@jahnna6007 2 года назад

Kasama po ba Ang Advertising, Bad debts Expense, and Miscellaneous expense po sa Manufacturing overhead po??

@nashreenibrahim834 4 года назад

Nashreen

@cherryloumanalo4494 4 года назад

Fuentes, Cherry Lou R.

@kediraekehas 2 года назад

Thanks sir but can you show us in peachtree accounting

@missperegrine7842 2 года назад

Hello Sir Chua. Pwede po ba i-on ang download button? Para po kahit humina na net ko , atleast naka download na and pwede ko na ulit-ulitin.

@Joviebugtong916 2 года назад

hi. is it possible not to apply overhead to production? Thanks for responding

@geanreinielpagulayan7172 3 года назад

sir tanong lang po, sa letter M, BAKIT PO NAGING 189,000 yung beginning baance ng work in process,89,000 lang naman po yun dapat. Good day po.

@sirchuasaccountinglessonsp3030 3 года назад

Paki balikan po ulit ang M, ang nakalagay ay finished goods, beginning

@Martina-dq3ej 3 года назад

💚💚💚💚

@joancarmelsumarinas3369 2 года назад

When Sir Chua said, "patay kang bata ka, di mo alam paano e apply", nagulat ako dun tas natawa HJajajja

@neko6922 2 года назад

Hello po! How about "purchase discounts"? Ibabawas po ba siya sa Raw Materials Inventory when preparing Statement of Goods Manufactured? Sana po may makapansin. Thank you!

@sirchuasaccountinglessonsp3030 2 года назад

Purchase discounts on your raw materials purchases should be deducted to your gross amount of raw materials purchases to arrive at net purchases. Net purchases are the ones to be added to the beginning balance of raw materials inventory to arrive at raw material available for use. When you then deduct raw materials ending, you'll arrive at materials used.

@jaspertejada7539 4 года назад

😘

@kimberlyrodriguezsuma227 4 года назад

Kimberly

@doggaming3096 3 года назад

Ask ko lang po entry dito the factory payroll was recorded. Direct labor 60,000; indirect labor 20000. Employee payroll deductions were recorded as follows: sss premiums. 3600 phil health contribution 375 pag ibig funds contribution 1,620 withholding taxes 11200 then ito anwers sa book payroll. 75000 sss premiums. 3600 phil health contribution 375 pag ibig funds contribution 1,620 withholding taxes 11200 accrued payroll. 59405 i want to know y naging 75k huhu

@doggaming3096 3 года назад

Sana masagot I neeed it huhu