Prepare the Average Cost Method for a Perpetual Inventory System (Moving Average) (#39)
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- čas přidán 6. 01. 2014
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In this tutorial we cover the more difficult version of the average cost method. Instead of calculating ending inventory and cost of goods sold using just a simple average, we'll have to prepare a moving average since our perpetual inventory is always MOVING. After this we'll be wrapping up our inventory system chapter!
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You explained this wayy better than Becker and Gleim thank you so much!!!
I must of watched 8-9 Moving average videos, and this one is the best by far. To the point, great explanation etc. The problem with other Moving average videos is that many only have one sale at the end and no purchase after a sale.
Thank you very much for explaining in detail. That was so helpful!
Thank you for posting this! Really got me out of a pinch, and I really appreciate that you slowed it down too!
Thank you very much for this. I am a third year university student studying Accounting and i was having a lot of difficulty trying to teach my self the calculations. My prof didnt go over it in the online pre recorded lecture so ive had to fend for my self LOL. This video really helped me, Thanks!
Thank you! I got all the three methods. Everything was so clear!
thanks for those videos! blessed this person who made this video..
best video I've watched on this topic, thank you
Thank you very much for this bro. Cheers mate!
brilliant , understood the concept finally
Best thing ever! Thank you soooo much!!! 👏🏼👏🏼👏🏼
thankyou proffessor this video helped mie so much really grateful
omg this coming handy, thank you so much! this is much easier and so simple. thank you!
best video for CPA for sure. god bless.
Thanks so much for a good and clear explanation....
wonderful explanation, thanks a lot
Very useful, thank you.
super helpful. thanks a bunch!
Thank you for this useful video, now I can survive our departmental exams. God Bless. :D
Thank god i found this video. Thank you so much!!!
holy cow this was helpful. My professor at the University of Washington couldn't even remember how to do this. I didn't even know it was called the moving average so it was impossible for me to find websites that could teach me how to do average cost weighted perpetual
Thanks alot that was quite helpful 👍👍
Very nice and thank you very much for the video. Just a doubt on how to manage average costing when there is a purchase return or sales return?
thank you so much. i wish ur my professor instead huhuhu i could clearlt understand the three methods nowww. I can susrvive tomorrow's exammmm
:))) xoxo
Now I get it. Thank you! :)
Hi, perfect and extremely useful video! Thanks
At the moment I am dealing with something very closely connected with Moving average of perpetual inventory - Invoice Price Variance and Average Price Variance... I am not very sure I know what exactly they are (how do they occur and why is it important to analyze them)... could you please explain or recommend a good source. It would be very appreciated.
Thank you for video. But I want to ask you if now Jan 17 and we updated the purchase on Jan 11 to 120 Units and 16$ what should I do for the later sale and purchase? We should recalculate all later sale and purchase or what?
Thank you so much
Thank you, this really helped!
***** International School of Economics in Almaty, Kazakhstan =)
can you please give an example (the same one) which contains a sales returns and purchase returns
you're the best
Loved the way you explain, it’s perfect and straight to the point but the multi colors used are a bit annoying to the eyes. Thanks for the video though it was super beneficial.
I got it. thanks
how about when there's a return or discount?
anyway, thank you so much for this video 😁
thanks alot really u helped big time
what about gross profit? can you calculate that using what you have here??
how do you deal with returns? nobody ever mentioned them ! thanks in advance
why aren't you replying to this ? is this you don't want or you don't know the answer ??!
thanxxxxxxxxxx you made my day
your videos explains better than my teacher
Bless you
Notepirate Thank you so much for this video. I sell vintage items on eBay that I buy at auctions in bulk and was trying to figure out a way to do my bookkeeping. This seems like the most logical method for my business model.
I only have one issue that I've been trying to find an answer for besides this and I can't seem to find an answer anywhere.
I get lots of free stuff from Craigslist also that I sell.
The only conclusion I can come up with to use along with this would be to keep my purchased inventory separate from my free inventory and only assign cost of goods to the items that came from purchases.
Does this sound like a good plan?
Do you think keeping a separate record of inventory acquired for free would be a good idea incase of an audit?
I'd appreciate it if you could give me a response but understand if you don't have time to.
This is just my first year in business and I'm trying to figure things out before it takes off and I have a mess on my hands at the end of the year.
Thank you so much for sharing this content.
مشكور خالي والله انت افضل عن الثيران بو عندنا 😂
Good explanation just wish the drawing was more organized, thank you though
What if the the Sale is larger than one of the purchases? For the average cost method?
So, e.g:
Purchases Sales
Inventory: 100*4
Purchase1: 40*8
Purchase2: 60*12
Purchase3: 150*8
Sale: 250
Purchase4: 90*24
Which system do I use, do I use Purchase 3 and then Purchase 2 (so LIFO) Please help!
i love u ( no homo)
Your title includes average and moving method. And you teach just average method. Thumbs down