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Module 7, Video 2 - Inventory - FIFO, LIFO, Weighted Average - Problem 7-2A

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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 : 49

@berberbeautyful 8 лет назад

just had a midterm, i watched this on my way to the exam...you saved me thank you so much!!

@ray7431 5 лет назад

THANK YOU for this video!!! i've been stuck on my accounting homework for a few hours and was really starting to get stressed out. Once I watched this video, I understood it 10x better. Thank you so much, I appreciate you.

@unzikarim2648 6 лет назад

I recommend watching Edspira's video first bout FIFO then this video..It's crystal clear now..Thankyou very much,

@jiawei4779 8 лет назад

you are best tutor I've ever met

@lelanhlapo866 7 лет назад

thanks to you I just got a 96 for my exam

@Tony-Bell 7 лет назад

Woohoo! Congrats!

@Leny1777 7 лет назад

Finally a great LIFO,FIFO video on YT!

@hundahazeze 4 месяца назад

Awesome lecture 💙 from Tanzania 🇹🇿

@user-ny4si4tk1r 5 лет назад

You’re absolutely legend 😭❤️

@lizharless6972 3 года назад

I wish I would have found your videos at the beginning of the chapter!!

@janinemoncrieffe2067 3 года назад

THANK YOU SOO MUCH!!! This was so much clearer than the textbook

@tommyjackson1745 5 лет назад

Great video! Really helped m brush up before a competition I'm doing next week.

@joycemytz 2 года назад

you’re amazing thank you😭

@bontle_blk 6 лет назад

Hi, I love your videos. Please help on how to record when Purchases are returned to supplier and excess stock is returned back to store room on the weighted average. I'm not sure what to do.

@lateshiachilds3640 5 лет назад

Thanks for explaining this, I think I got it. I was a little confused I believe I have this down now.

@aminullahamini3037 6 лет назад

Can you tell me , for what we are using these methods (LIFO, FIFO,Average methods and etc..)

@tulshiramdhkate8638 3 года назад

This acc work best knowledge

@khalifaissa221 4 года назад

Am so sorry ,,,let me asky a simple question about,,this method is used on field ,,,,or it really theory without practice....

@emmelinenar5056 4 года назад

Have followed you ❤️ thank you for ur lessons!!!

@debbyho8631 4 года назад

why is the last one for 31-May is "3, 3.70, 11.10" ? how did you get the "3"from sir?

@samyscraps01 6 лет назад

On your chart about :49 seconds in, it says that the sales were 22 units. It says the cost/price was $7.99. How did you calculate that price? Most of my problems don't come with a sale amount. Please explain. Thanks.

@maleahcoy4475 4 года назад

Great tutorial !!! Thank you :)))))))

@flags6424 7 лет назад

thank you i finally understand

@youarehere1251 4 года назад

Anyone knows why May 31 Sale of 13 units, how come he didn’t use up all 5 units of 3.70 first and move to the 7 units @ 3.55 ...?

@spyros774 5 лет назад

Very good job!

@gitadewanti7893 4 года назад

OMG thank you so muchh, ur my hero!!

@nurainsabrina6359 4 года назад

On may 2, at cr, what did you write? Sorry for asking

@mikailbadamasiusman5837 4 года назад

I really appreciate but our lecturers they do not to that they just brings us d questions and do it by ourselves

@maxines108 6 лет назад

Why did it become 3 from that 3.70 units?

@viknerajmohan4458 6 лет назад

is this the periodic or perpetual method?

@iksannurmansyah5697 4 года назад

Why you take Viral?

@akrooma 4 года назад

i wonder how not a single instructor mentions returns / damages of inventory ! what are they? negligent quantities?

@Tony-Bell 4 года назад

Check my Module 6 videos. I definitely go over inventory returns.

@youarehere1251 4 года назад

Took a photo of the problem from your cell and watch video on other devices , much better understanding.

@bakhtawarkhan2052 5 лет назад

Please guide me if unit cost is given and market value is also given for each transaction occurred in that scenario we will take market value or unit cost?

@debzsteesaru4401 3 года назад

Thank you very much for explaination very clear

@voguishkari 4 года назад

you're the best!!

@DileepKumar-ik5ep 6 лет назад

Sir, please upload departmental accounts and cash flows videos

@hugginsm1 7 лет назад

Hi TonyThank you for this video, can you tell me how to find pen tool on excel.

@Tony-Bell 7 лет назад

In new versions of excel, if you have a stylus (like a wacom or an MS surface or an Apple Pencil), you can just write on the screen and it works. But the key is, you need an "active stylus". It definitely works for Wacom products, MS Surface products, and iPad pro products.