Imagine, finding this free video that covered this better than my expensive CPA prep. Thank you.
@mossh48888 жыл бұрын
This guy does such a great job explaining things unlike my professor who makes no sense when she talks in class. I learned more in this eight minute video that my professors full two hour class.
@Edspira8 жыл бұрын
+Masood H Thank you for the kind words, and for making me laugh! Have a great winter break :)
@RobinsBusyWorld8 жыл бұрын
+Masood H Truth.
@oneatatimemrchow8 жыл бұрын
totally agree
@thekid41927 жыл бұрын
Welcome to the Future of Education, If it werent for the Hella Good Time I had at school, from an educational stand point I feel ripped off! When will indepth individual study actually count for something is the real question... Ill get back to you on that :)
@TheDachewsky6 жыл бұрын
Indeed
@bushraalamri21376 жыл бұрын
You’re so amazing at explaining! My teacher makes everything so complicated and doesn’t know how to deliver the ideas! I honestly don’t get anything she says in the class, but I was the only one who got full mark and that was because of your videos. Even my teacher asked me how I got it so I told her about your videos and she seemed a bit offended lol! Can’t thank you enough! Much love & respect from Saudi Arabia.
@henryhoch82527 жыл бұрын
This was huge for my CPA prep. Thank you!
@Edspira7 жыл бұрын
Nice! I hope you pass all 4 parts of the exam on the first try!!
@aishamemon3315 жыл бұрын
Learnt alot
@evilminionnumber24 жыл бұрын
You have no idea how much of a life saver your videos are. I tend to struggle with the way certain popular textbook companies presents their material, and you make it so much easier to understand.
@najlaatello26163 жыл бұрын
I've been study AAT with many colleges, NONE helped me as you do. Therefore I wanna thank you so much for all the support I get from you. I consider myself so lucky that I found your channel. wish you all the success and happiness in your life.
@Edspira3 жыл бұрын
Thank you for the kind words!
@menachem711 Жыл бұрын
This video is unbelievable. Becker should take note! Spent 12 hrs breaking my head over FIFO vs. Weighted Avg. for the cost accounting section in BEC, only for this guy to clear things up 3 min in to watching his video. Lol Legend.
@sandeepaditya79185 жыл бұрын
you have all of my CMA syllabus covered , thanks a lot sir
@hafizfidarasool40226 жыл бұрын
The best explanation of equivalent unit. Thanks bro..
@Edspira6 жыл бұрын
No problem my friend! Love and respect to you as well :)
@manoshbiswas26056 жыл бұрын
This is one of the best professor's I heard for a long time. This helped me a lot for my cost final exam. Thankyou.
@Edspira6 жыл бұрын
Great. I'm glad to hear this. Best of luck to you on your final exam!
@susanroseseymour92707 жыл бұрын
I love your teaching, it is so much easier to follow than the exam book examples for me. Thank you! Your work in showing and talking me through, is making all the difference for me.
@Edspira7 жыл бұрын
That's great to hear. I'm glad you're doing well!
@bba47696 жыл бұрын
this is the future of education
@GRACIELOU217 жыл бұрын
Thank you for the refresher on this topic! It was definitely easier to understand with this versus my BEC review.
@balindadrouin-holyk35522 жыл бұрын
Way better explanation than my textbook or online module! Thank you!!!!
@Edspira2 жыл бұрын
Glad you liked it!
@huihao80587 жыл бұрын
Thank you so much! I was so confused with those two methods. Now everything is crystal clear. Thank you thank you thank you!
@mariafrye55716 жыл бұрын
Sending hugs your way! Thank you for posting your video's. They have made all the difference for me.
@Edspira6 жыл бұрын
I love hearing comments like this because they keep me motivated to put out more content. Thanks Maria!
@katherinew48505 жыл бұрын
Amazing! I have to say that you are much more helpful than our professor!
@iheartsasuke97 жыл бұрын
You helped me ace my cost accounting subject i am eternally grateful
@laurenjotch55643 жыл бұрын
I wish you could be my professor in Cost!!! I'm struggling right now but your videos have helped me so much. Thank you Edspira :-)
@dawatshering18037 жыл бұрын
Perfectly explained. Good stuff. Thanks author
@lankanvino8 жыл бұрын
Thanks for the help!...also, your voice sounds identical to chef John from Food Wishes on youtube.
@pesfan53202 жыл бұрын
This is so good I swear,I so much understand now,thank you
@LalitPatilcasper6 жыл бұрын
To the point explanation! Thank you so much for uploading such content.
@Edspira6 жыл бұрын
Happy to help!
@Mist_R4 жыл бұрын
this answers a lot of my questions, holy crap.
@jemma62877 жыл бұрын
Really like his teaching video! easy understanding!
@manzarsaqlain48426 жыл бұрын
Thank you very much sir, you made it alot easier to understand.
@saranyasubathas60156 жыл бұрын
Sir, I have a test tomorrow on equivalent units. You just saved me! I hope, I do well.
@Edspira6 жыл бұрын
Great. Best of luck on your exam!
@saranyasubathas60156 жыл бұрын
Thank you,Sir!
@vincentcarter29907 жыл бұрын
very good sir! very well done 👍
@nich8203 жыл бұрын
Big help, thank you!
@Anna-nr2bd8 жыл бұрын
Thank you!
@yessicaashurst6 жыл бұрын
Thanks for the great explanation. In the video about the FIFO method you also explained how to apply costs to transferred goods and EWIP, but I unfortunately you didn’t do that here for the weighted average. Is there a video that’s already posted that explains how to apply the costs? Thanks!
@bmm31823 жыл бұрын
Am also wondering the same thing
@hahahahahahahaha6 жыл бұрын
the guy in the wiley BEC study video said fuck it i aint teaching this shit just look at the notes lmfao. and im glad i ended up here. thanks. huge help
@omarabuareesh39705 жыл бұрын
i have a quastion : the 8500 mats and 8000 conversion in weigt avarege method for bigining w-i-p from the quastion or did you calculate it
@juljk83973 ай бұрын
This guy is better than my real life teacher
@barhamkhalid85643 жыл бұрын
It was great. Thank you.
@Edspira3 жыл бұрын
Glad you enjoyed it!
@ilyasariffin91815 жыл бұрын
This type of explanation is what i looking for 😂👌🚺😍
@taylorthuet64045 жыл бұрын
AMAZING! Thank you so much
@NYC10259 жыл бұрын
Thank you! This was SO helpful.
@michalkanczuga47778 жыл бұрын
so helpful, appreciate the videos
@CornelFraserR7 жыл бұрын
This was so helpful.
@husananaznin4593 Жыл бұрын
Thank you soooooo muchhhhh
@Edspira Жыл бұрын
😀
@hnt79613 жыл бұрын
Why the Beg.WIP costs are the same between FIFO and Weighted Average please? Thank you.
@beautythebrain9606 жыл бұрын
Omg thank you so much for this...so helpful
@rob84827 жыл бұрын
Great job.Made it easy, somehow.
@karaboanswer95183 жыл бұрын
So when calculating the WIP at the end we use the percentage as it is, we don't subtract it from a 100 just like what we did at the beginning?
@bmm31823 жыл бұрын
Thank you so much for this video... However, i was wondering if there's an extra video as a follow up to this one to explain how to apply costs using the weighted average method?
@Edspira3 жыл бұрын
I have a whole series on inventory. You can watch the sequence here: www.edspira.com/index-financial-accounting/
@bmm31823 жыл бұрын
@@Edspira thank you so much... you're lessons are easy to understand and quite helpful for CPA study... Keep at it..
@CHIMPENDO4 жыл бұрын
For an weighted-average problem in my book the answer says that Work In Progress (opening) has to be deducted from the total accounted for, but it doesn't show that in this video so I'm confused.
@PantsOrPijamas5 жыл бұрын
That was great! Thank you :)
@彭凡麒Ай бұрын
what happen to the ending inventory cost for weighted average method...
@ДимитърХаджиев-р3р7 жыл бұрын
Thank you sir !!!!
@Edspira7 жыл бұрын
No problem!
@ndatoolombakambonde10786 жыл бұрын
I'm very appreciate to your tutoring thanks 100% keep with more all the best in your future
@timhuman12386 жыл бұрын
Is the value of closing WIP going to be the cost per equivalent unit multiplied by the closing number of units in each process at year end or multiplied by the percentage of completed units at year end (ie: the number we used in the EU calc)?
@luiscylulegisniana45457 жыл бұрын
How about the Spoilage?
@thecoolestshoop24948 жыл бұрын
could you do an extension of FIFO AND WA COST PER EUP calculation with Discrete and Continuous Normal and abnormal loss?
@MrUni889 жыл бұрын
thank u :)
@itsSeabass9 жыл бұрын
Why do you use 35% to calculate DM EUs? Isn't DM always considered 100% complete since the cost of material has already been incurred?
@itsSeabass9 жыл бұрын
*65%
@thecoolestshoop24948 жыл бұрын
well that's if you assume that all materials are added at the beginning of the period, usually that is to be assumed if the problem is silent. In this case however he stated that DM is only 35% complete so he uses 35%
@thekid41927 жыл бұрын
He actually used 65% for the FIFO method because that is what you is TO BE (or 35% not TO BE (Already Completed))
@meierjoe8 жыл бұрын
Why you take the incomplete percent with the beginning WIP and at the ending WIP the complete percentage? Because FIFO wants to account only cost for this period or why?
@meierjoe8 жыл бұрын
+kalle jack @2:57 it gets explained . Great Video
@abdulazizrajab10959 жыл бұрын
thank you so much for your videos. I wonder how you get Beg. WIP of 8500 for mats. and 8000 for conversion.
@irrahsolis25129 жыл бұрын
+Abdulaziz Rajab Just a given for example
@vahntreorrproduction54218 жыл бұрын
+Irrah Solis Thanks! I was looking for this...
@rolandorivera52395 жыл бұрын
Irrah Solis so the transferred out cost would included beg wip costs?
@daday97603 жыл бұрын
@@irrahsolis2512 thanks!
@dave7763327 жыл бұрын
YOU ARE A GOD!! YOU HAVE MY SUBSCROPTION :)
@davidvictor64647 жыл бұрын
super
@yoshinegus40198 жыл бұрын
WE DONT WANT WHATS HAPPENING LAST PERIOD TO AFFECT THIS PERIOD!
@Alice-gl6um5 жыл бұрын
I love you! omg I love you!
@Alice-gl6um5 жыл бұрын
I am trying to cram all these things by today lol and your videos helped me a lot! I don't wanna revise wht I've learned in my uni! your video was short, brief but straight to the point!!!!