Moving Average Inventory Costing (Perpetual Inventory, COGS, Ending Inventory)

Accounting for inventory using moving average inventory cost method to determine costs of ending inventory and cost of goods sold, choose this method if it best reflects income generated, the costs which should be assigned to ending inventory and cost of goods sold depends on which costing of inventory methods is used, for a perpetual inventory system the moving average inventory method is used, for moving average cost method (perpetual inventory), use current unit cost for costing withdrawals until another purchase is made then compute a new average unit cost (compute a new average unit cost each time a purchase is made), the new average cost is calculated by determining total value of inventory (based on the unit costs for each purchase) then dividing by the total quantity available, the average costs are used to determine ending inventories and cost of goods sold, detailed accounting calculations by Allen Mursau

[@enduranceogie4519]

God bless you for simplifying this subject!

[@victoriagarcia113]

Lord have mercy! I had to listen again but stopped a few times for comprehension. Thank you!

[@brendapius1477]

Great! saved a good amount of time!

[@tehmeedchoudhry3400]

Amazing content!

[@Neifile]

Thank you!

[@joelancon7231]

Thank you sir this really helped me out

[@travelife04]

Thank you Allen!!

[@coenkaden2889]

Instablaster...

[@sundaskhan1074]

Excellent. Thank u

[@baghdik18]

you are genius

[@alexc2620]

Better than my accounting professor lol

[@phanchanra5293]

How about sale before purchase what is formula recalculate? this can be happen?

[@johnpauljaum7409]

Why did u add the Cogs to purchase

[@heathermccool3495]

I'm so confused. :-(

[@victoriagarcia113]

Good info but explaining too fast

[@alexc2620]

Better than my accounting professor lol