This is so awesome ! I am on the verge of failing accounting this year and needed serious help with this and I found you. Now I have faith, thanks a lot. I understand this and will continue to watch your videos đ
Brandy, you're awesome. I took your financial accounting class in 2017 at Douglas. I'm preparing for CFA level 1 now, rewatching your clips helps me a lot!
Thank you thank you!! I had an accounting final exam this morning and could not understand the concept before but after watching your video I grasped the concept in an hour before my exam and gave me an extra 10 marks on my exam!! You are awesome :)
Thank you so much for this video, I was on the verge of crying because I didn't understand how to calculate the cost of goods sold under the perpetual inventory system and you're video made it very clear! Thank you!
As i approach my exams next week... im a varsity student.. i can really confess that i was blank minded when it comes to this section...but through all your videos i really gained a lots...thanks very much dear..i am happy now that i can solve all this problems
Hi! Can you answer a question I seem to be stumbling on? At the end of the month when you recalculate, does that mean that you average everything left together to get a new XX @ $X.XX number as the next starting inventory? I was under the impression that you only averaged everything together at the end of the year, am I way off base? Thank you for this video!
No, it carries over at the end of the month with what you purchased it for under FIFO (the method of this video). Under weighted average method you would take the weighted average cost over to the beginning of the next month.
Hi Brandon, you are selling 650 units on Jan 13 - this data is given in the table at the top of the screen. If you sell 650 units, that means 650 units have to leave your business and go to your customer so those units are the basis for your cost of goods sold calculation. First in first out means whatever you bought first you sold first so you start at the top of your inventory list (beg inv of 500) but that doesn't satisfy your customer's order of 650 units, so you have to take the rest (150) from the Jan 7 purchase.
you can explain better than my professor in university, thank u!!! :)
Universities in Sydney that offers MPA should hire you and replaced those Professors who takes an hour to explain this. Thanks so much!
This is so awesome ! I am on the verge of failing accounting this year and needed serious help with this and I found you. Now I have faith, thanks a lot. I understand this and will continue to watch your videos đ
Brandy, you're awesome. I took your financial accounting class in 2017 at Douglas. I'm preparing for CFA level 1 now, rewatching your clips helps me a lot!
You explained this way better than my professor and any other video I've watched. Thank you so much!
Thank you thank you!! I had an accounting final exam this morning and could not understand the concept before but after watching your video I grasped the concept in an hour before my exam and gave me an extra 10 marks on my exam!! You are awesome :)
There are a lot of very helpful videos out there. Yours is one of them and may be better because you show Debits and credits and very neat no mess.
I never comment on anything but this was so helpful! My test is in a couple of hours and I feel much more confident now.
Thank you so much for this video, I was on the verge of crying because I didn't understand how to calculate the cost of goods sold under the perpetual inventory system and you're video made it very clear! Thank you!
Letâs agree on a âno tears over accountingâ rule đ
What is your major at school?
Gosh thank you, I could not understand this for 2 whole days untill your video
oh my days, tks u so much, u teach much better than my tutor at college
As i approach my exams next week... im a varsity student.. i can really confess that i was blank minded when it comes to this section...but through all your videos i really gained a lots...thanks very much dear..i am happy now that i can solve all this problems
Great video, thanks for teaching!
Excellent video. My first year of accounting, struggled a bit with this but itâs clear now, thank you. You just got yourself a new subscriber.
In hopes of being transparent- Iâm not planning on publishing any new accounting videos but there are a lot of first year vids on my channel
That's really helpful. Thank You!
This is so clear! Thank you so much!!!
Thank you SOOOO much I was stuck on this topic I could not figure it out you really helped my.
I'm taking online accounting classes rn and this video made it easier for me to learn.
Its 2020!!!!!
Iâm glad it helped!!!
Same here, all classes are online right now and this helps a lot.
LA LANG95 please tell your instructors to feel free to use my videos... thatâs why they are here đ
Thank you so much for this!! It was so helpful!!!
Nevermind!!!!!!! I figured it out!!!!!! After going over your work it actually helped! thanks a lot :)
I'm glad you got it!
Thank you ! it is really helpful!
Thank you for this much appreciated!
Nevermind, you have a lot of good videos already. Keep up the good work..lol
You are very concise. Thank you.
OMG, I've been working on this question for hrs....thanks.
Thank You!! This IS AMAZING
The best video of accounting I have ever seen â€
Thanks Brandy
yay. you make it so simple to follow!
Thanks a lot. Clearly understand
really good teaching thank you so much
Thanks for a good explanation
Thank you, It was very helpful.... :)
u r bloody amazing
I have an Exam on this tommorow and you helped me a lot!!! Thank you!! I'll Subscribe immediately!
Good luck! I hope it went well :)
You're ausome...please make more videos!!!
Hi, I would like to ask you what is the accounts receivable amount in your example? Thank you.
perfect videos
Thank you SO MUCH
thank u sooooooo freaking much
Bless you!
Hi! Can you answer a question I seem to be stumbling on? At the end of the month when you recalculate, does that mean that you average everything left together to get a new XX @ $X.XX number as the next starting inventory? I was under the impression that you only averaged everything together at the end of the year, am I way off base? Thank you for this video!
No, it carries over at the end of the month with what you purchased it for under FIFO (the method of this video). Under weighted average method you would take the weighted average cost over to the beginning of the next month.
I have been trying to figure out how to do this all day. You explain it so well! Thank you so much!
Do you have video on Lifo very nice explaining on FIFO and WAVCO. Thanks for your videos.
I donât yet as we donât use that method in Canada :)
Why did you take $150 from $750?
Can you give a clear explanation on that!
thank you sooo much
Please do one with you filling out the full inventory record card
amazing
Bravo
If you were my prof,I'd never fail my exams.
thank youuuuuu
You are so welcome!
how did you get the balance of 600?
She sold 650 on Jan. 13. You are using the 1st 500 + 150 from Jan 7. Therefore 750 - 150 = 600
My lora loves you
i love you
where did you get 150 units, you didnt explain at all why its 650 units at january 13th
Hi Brandon, you are selling 650 units on Jan 13 - this data is given in the table at the top of the screen. If you sell 650 units, that means 650 units have to leave your business and go to your customer so those units are the basis for your cost of goods sold calculation. First in first out means whatever you bought first you sold first so you start at the top of your inventory list (beg inv of 500) but that doesn't satisfy your customer's order of 650 units, so you have to take the rest (150) from the Jan 7 purchase.
Please help me. I'd really appreciate it
Good but too fast
Still lost
You talk so fast, please try to explain slowly and pause a bit. Thanks