Cost of Goods Manufactured Schedule Explained

[@saratsendh]

Beautifully explained with excellent examples. Thank you Sir !

[@AccountingLectures]

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[@ngoccohuynh2830]

Best explanation I’ve found so far. Thanks

[@AccountingLectures]

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[@edmandell3064]

Great Video. I work for a manufacturer. I have question on COGS pertaining to using manufactured aluminum to produce products . I received product as 10 foot form from my vendor, then for example: cut it down to 6 foot to send to an end user. My manager stated the reaminng 4 foot material is considered scrap since the Bill of materials extracted it in a printed production order from our ERP system . I question this, saying the remaining 4 foot material can be in fact, used for a future 4 foot order thus should remain in our inventory for future potential orders. What is the proper way to leave the reaminng 4 foot material in or out our inventory ?

[@khaledalzahrany7150]

Many Thanks! You Are My Hero. I owe you many likes

[@AccountingLectures]

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[@beng2440]

Thank you sir, you are the best on KZbin

[@AccountingLectures]

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[@amalsalameh5920]

thank you so much as always very helpful video

[@AccountingLectures]

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[@myfav90]

So well explained.Thanks

[@AccountingLectures]

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[@lnkinc6823]

Thank you for such a great video I do appreciate you sharing such good information I did have a question if you're a restaurant do you include the packaging in the cost of goods for example if you make a sandwich as you're a sandwich shop is the sandwich bag part of the cost of goods or would it only be the production of the sandwich cost of goods and the other bag and paper would be considered material supplies

[@sahelidutta1400]

VERY HELPFUL VIDEO, THANKS

[@AccountingLectures]

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[@lichu3573]

Super helpful!!!🎉

[@AccountingLectures]

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[@yordanos3245]

Please give me maye anser sere