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FA 34 - Inventory - Weighted Average (Average Cost) Method

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Module 7 examines inventory methods of tracking inventory. It explores the differences between FIFO, LIFO and Weighted Average inventory methods. You will learn to prepare inventory records and to record the journal entries related to tracking inventory.

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28 авг 2024

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Комментарии : 32

@sofiachaconm 3 месяца назад

I CANT THANK YOU ENOUGH FOR YOUR VIDEOS! you're saving lives 4 years later, thank you prof!

@maartendejong470 3 года назад

Hey Tony! Just received my grade for the midterm of my course, 34 out of 40 points; you're my hero! Can't wait to start watching the rest of the series in preparation of the final exam, thanks a lot!

@ehudyahuzamaigari2247 6 месяцев назад

I really learned alot Sir ❤🎉

@mohiadinhassanshismail8330 Месяц назад

Deserve more respect. Tony you made my day simple ❤

@josephjoshua5947 Год назад

man i cant even lie, you are actually amazing. You really explained this SO MUCH better than anyone ever has to me. Thank you so much Tony ur awesome man!

@SpuckyBMusic 2 месяца назад

I can't thank you enough. This was a life saver!

@makeresemesenkhela1076 3 года назад

I can definitely nail accounting with you as my teacher

@maryamrad1583 3 года назад

very simple explanation. Thank you for making my life easier!

@jimicapaulalozano49 Год назад

Hi Tony! I am not an accountant and in nooooo way good in Accounting, so when I was assigned to discuss process costing with LIFO, FIFO, and Weighted Ave, your videos are my go to! Thanks for this very helpful, easy to understand video! I just want to ask permission to copy your samples here so I can present in my class next week for my presentation :) The class will be recorded, however, it will only be viewed privately.

@Tony-Bell Год назад

Of course - as long as it's not publicly/widely posted, go for it!

@jimicapaulalozano49 Год назад

@@Tony-Bell Absolutely! It will only posted in Google classroom which is private to us students. Thank you very much! I'll definitely put you, your videos, and sample data as a reference to my report.

@ismailismaili0071 4 года назад

thank you so much Mr. Tony it was super easy explanation really appreciate

@noushrab 3 года назад

Best one. Thank you :)

@mdnahidbinmalek7035 3 года назад

Great videos , so helpful

@ozgungokceoglu8112 4 года назад

You're awesome, thanks a lot.

@noxolongoako-thomas704 3 года назад

Thank you so much. This video really helped me alot :)

@baljitkaur-lz8eq 4 года назад

Thank u very much. Really helpful

@waqasahmed6637 29 дней назад

what would happen in case of sales returns in all of the methods?

@aycannur1008 4 года назад

thank you so much, this videos are really helpful:)

@jamezcua387 Год назад

You are amazing tony, you helped much more than some professors. I appreciate your work!!

@Tiiimaa Год назад

I would reallly appreciate it if you can explain simple average method I'm struggling there 😭😭

@waqasahmed6637 29 дней назад

still struggling? or May I help you?

@lianmabz 4 года назад

thanks a lot

@tastemaieyesss 3 года назад

how did he get 101?

@LenaSlavova Год назад

Professor, it's normal for us to get a different amount when calculating the average, right ? Because I did what you did in the video and my friend did the same and we got ≈ results that were close

@Tony-Bell Год назад

It should be very very very close - the only reason it may be different is rounding (excel doesn't round - even if it shows only 2 decimals, it calculates with all the decimals) - so it should be very close, and identical if you keep more decimals in your answer...

@LenaSlavova Год назад

@TRUTonyBell I actually used my calculator,because I did it all by hand so I went by what it showed me and the difference was about 20-30$

@Tony-Bell Год назад

👍