FA 32 - Inventory - FIFO Method FIXED 

Dear Dr. Tony, All people are still waiting the Advanced, Intermediate, forensic, Public accounting courses & Auditing course... We really appreciate your support. No one else like you!! We really need them by you..

Thanks for summarizing 2h of reading in 14:06 minutes 🧡.

Hey Tony, just wanted to reach out and let you know how much of an impact your videos have made in my life. I was a regular of yours for a year while finishing my second accounting course 3 years ago and I still think about how much more I learned from these lectures than at my university. I wish all professors were as passionate and as dedicated as you are. Wish you the best and thank you so much for the time you have spent making these. They really are the hidden gems of RU-vid.

Sr. You actually are a good professor, and I learn a lot till the first day I saw you video, and till that moment I still watching you, and I wish you could teach some finance class or something like that.

Sir you are the best accounting teacher i have ever seen in youtube. Thank you very much.

You have saved my life I am so great full that I founds this video you helped out a high school student who was stupid enough to take this class I thank you 🙏🙏🙏🙏

I've been watching these videos ahead of my TRU Intermediate Financial Accounting course as a refresher and they have been so incredibly helpful! In fact, I've been telling everyone about the awesome youtube videos I've been watching. When I saw you in a TRU sweater I was so excited and rechecked my welcome email but I have a different instructor for my OL course (too bad). Thanks for your helpful videos!

I don't know what I would have done without RU-vid. I don't understand as much as here in a 1.5 hours class...

Toney from the future its a brilliant idea 👌😍

Thankfully FIFO, LIFO and the rest wasn’t on my final exam, I struggled badly on this topic. I just got my grade back and passed this class.

May the 20th is my birthday. thanks Tony, amazing job.

isnt the gross progit 237.80? There were 13 units sold on the 31st, not 15

Thank you so much!! I am binging this playlist...

Isn’t the COGS written as 112.60 supposed to be 112.20?

I just subscribed to your channel and find your videos easy to follow. You make accounting easy. Thanks

well explained, thank you Sir 👍👍

I found Sales Revenue 350 COGS 112.20 Gross Profit 237.80

Another easy video to follow and learn along with. Thank you Mr.Bell! Wondering if you do any tutoring or assignments assistance? Currently working on my last assignment and find myself struggling and stuck.

Tony Bell my saviour

THANK YOU, THANK YOU, THANK YOU!! It finally makes sense!

You the GOAT 🐐🐐🐐

Hey Tony, am I wrong that we have to sell 13 units in the last sale instead of 15 units? I just want to know my mistake.

Hi Sir, is it important to do the math on the table or we can just do it mentally and skip the table? as in is the table an accounting requirement?

That's a nice shirt you have ! Keep the good job

Hi Tony I just seen your other video about lifo and fifo but couldnt comment but you mentioned you hate lifo and said you would make a video to address why. Do you have that video if not could you tell me please why you dont like it Thanks

Hi Tony, could you explain the difference between the inventory costing methods and the LCM? Wouldn’t the inventory costing methods record the inventory on the balance sheet?

Hello Mr. Bell. I have been binging your video since yesterday and you are amazing, I have an exam day after tomorrow and have some sections that I need to cover, but don't know if you made a video on said subject or where the video is. I was wondering if you would be able to give me the video number for each subject if you know of them. The subjects are numbered. 1. Defined pension plan elements (balance sheet and income statement components 2. Asset (ROU) treatment, liability treatment and amortization of lessee’s capital lease (balance sheet and income statement components. 3. Bond payable components including amortization of discount or premium, including computation of bond price (balance sheet and income statement components. 4. Ownership and re-pricing of equivalent ownership shares from issuing dilutive preferred stock (balance sheet component. 5. Statement of Cash Flows, operation section. Thank you!

hi, i don’t know if you’ll see this comment but if you do by any chance. can you please make a video about "overstated" and "understated". i just can’t wrap my head around it. thanks in advance!

Hey Tony, I have a question. When you are recording a sales journal do you consider it all one journal when you Credit Sales, Debit AR, Credit Inventory / Debit COGS. Or do you consider this two separate transactions? Does it matter to accountants and auditors? I am building software that will process acounting journals and wondering if I should treat this as one journal or 2 separate journals? Thanks, keep up the good work! I'm not an accountant but your videos work for me tremendously.

I love Tony Bell

Sir, you dont have join button and the link does not work for me.

Tony - you are a hoot!!

Please make more videos on Intermediate to advanced accounting courses!!!

Hey Tony, love ur video I was wondering where the 9.75 came from?

Thank you, sir!

cogs are 119.6

The inventory balance is a bit confusing since the same record duplicates.

Sir u are great

Ghanshu likes your videos Tony

So actually point c), for May31 the COGS is 45,7 instead of 53,10 , right? Thank you for your work and effort with this videos you really help us a lot :x.

There is an error on this video. In May 31. total sales were 13 and not 15. You calculated for 15 products sold. The last entry is supposed to be 3 and not 5

13:34 tony where are you getting the 45.70?

Hi Tony,okay so i got that under prepetual systme we record additions in inventory and in periodic we record them in purchases but whats the difference? How does it affect FIFO and the weighted average ? I watched your vidoes and did some research i still cant understand the difference in calculations the two systems

How are we suppose to know The solutions for the problems ?

bless your soul

Thank u so much sir

Tony from future 😂👍

Hi professor, could you help me with one homework accounting problem?

Yeah, I almost yell at my computer when you suddenly appear in the future...

Nice video

Hi Tony, tried to download the template, it doesnt open unfortunately :(

THX!!!