Cost Per Equivalent Unit (weighted average method)

[@BoxerDogs]

This was explained far better than the person that's supposed to be my professor. In a few minutes you explained what took him well over an hour to do and you conveyed these concepts far better. This was very helpful. Thank you for posting this.

[@rent2242]

Dogs Are the Best same here. Two hour lecture on this topic and this video explains it way better in 10 minutes. I’ll never understand that

[@catpaws1913]

I had a minute of explaination for this shit and he threw us a stack of paper told us to figure it out.

[@sandeepaditya7918]

I thought i was the only one in this kind of a situation, turns out that all professors find it hard to explain such simple topics

[@raseem7881]

Thats why iam here too .....

[@raouffrht4892]

give the man the nobel prize. YOU ARE THE MAN !!!!!!!!. PEOPLE NEED TO TAKE TEACHING LESSON FROM YOU

[@EddieRuiz-l5c]

Thank you so much! I swear I fell asleep watching this a total of 3 times, but I finally got it the third time while half asleep!!! To all of those out there learning accounting, keep at it!!

[@joehopkins3684]

weird way of bragging but ok..

[@thatsthats5578]

@@joehopkins3684 u trippin

[@MrBergman7]

I literally never comment on youtube, don't know why. But this video was fantastic!! Sooooo much simpler to understand you than my textbook.

[@Edspira]

Thank you for the kind words. You made my day! Best wishes :)

[@1stAmbientGrl]

This is the best explanation of weighted average cost I have seen on KZbin. Thank you!

[@Edspira]

1stambientgrl I'm glad it was helpful! Best wishes :)

[@Crowellnoob]

I dislike only one thing about your videos. It looks so clear and simple. Later I'm going to my exercises and it's chaos again.

[@Edspira]

Sorry about that! I hope one day to publish a book of exercises that can be understood more clearly than the stuff that is found in the typical textbook.

[@Crowellnoob]

Maybe a guide for teachers 'how to teach MA ABC' ;)

[@dblaze]

you just saved my life! I don't know why I could not figure this out before

[@ArticularsCA]

Thank You for helping literally millions. - a struggling, broke and thankful college student.

[@eisenhoward1]

I just took a test on this chapter and boy do I wish I would've seen this video first. It's explained much more thoroughly than how my professor did. Thank you!

[@Carol_-tv6jv]

Very helpful. I appreciate the strategic use of color, the helpful formatting, and the clear explanations. I found Education Unlocked accounting videos last year in Managerial Accounting and truly appreciate them!

[@jasperchenywg]

6 days before CFE and I am still here:)

[@simondaledunton1864]

I wish knew this channel when I was taking up this subject! Very helpful. What I've pondered and trying to understand for hours was made clear in just a few minutes. Thanks alot, sir!

[@Edspira]

No problem. Best of luck to you!

[@monkeycombat2]

You should consider writing a book, you make it look easy. I'm sure your viewers wouldn't mind helping you fund it. I wouldn't! Great job!!!

[@vanessamartinez9617]

OMGG thank you!! your videos literally saved my grade. Its been so hard keeping up

[@Edspira]

Happy to help!

[@bat7shklyar]

great teacher advised by another great teacher!love you guys!thanks!

[@annamao1184]

Thank you so much!!! Have been struggling reading the CPA E-book, your explanation really made things clear, thanks again

[@marisoldesoledad7926]

Thank you! You just saved me! I couldn't get it before, makes so much sense now.

[@weirdsearchhistory5876]

This guy should be a teacher if he isn't one already.

[@alpnagarg8526]

Excellent way of teaching😊

[@Edspira]

Thanks Alpna Garg!

[@jameskoch2426]

great video, very helpful for my online classes

[@raseem7881]

Thank you for a helpful video sir...😊

[@alexandra_m1146]

Im not sure youll even answer but what happens if you dont have the started units for materials and conversion? I only have the begging WiP and the ending Wip and therefore cannot calculate the total cots and devide it with the equivalent units to get equivalent units per unit.

[@ximenalindo7448]

This is amazing!! Thank you so much for your videos!!!

[@mish465]

thanks that really helped you make it look so simple

[@Edspira]

No problem!

[@devonmayes9842]

Great video! i go to Univesity of Houston, and this video was spot on with what i am trying to learn for my exam. thanks!

[@nicksummach1505]

Hey just found this video, great job on it. My prof has nothing on this, thanks a ton for the help!

[@Edspira]

Happy to help!

[@jamesjeremiah27]

Thanks for your clarification on this topic.

[@rob8482]

Great video...had to watch a few times, this is confusing at first, but gets better. lol

[@EsraaMohamed-wi2uy]

Thanks more for your smooth explanation

[@junjie2525]

Hi @Edspira. What if we have abnormal gain? How do we proceed with the balancing of the physical units and equivalent units? Thanks.

[@JoshKrier]

My friend, may I ask what program your using to display these written videos? I recently purchased a ModBook Pro with digital pen technology ingrained in the software and Im trying to figure out how you are able to write of a black screen with all these different colors. I have Dyslexia, so having a black screen and different color text helps me learn things faster than ever before!

[@Edspira]

Josh Krier Hello, I use a Wacom Bamboo writing tablet, Camtasia screenrecording software, and SmoothDraw. In SmoothDraw you can paint the screen black and choose different pen colors. SmoothDraw is a free app that can be downloaded online. Camtasia is not free and has to be purchased, and its function is to record what I'm writing in SmoothDraw so I can upload it to KZbin. I hope this helps! Best wishes :)

[@JoshKrier]

Thank you for the information! It is well appreciated! Keep up the fantastic educational videos!

[@alexthegreat445]

really good explanation

[@farisyemen]

Great Video It helps me to understand EUP

[@el.dirini]

Very helpful! Thank you for putting your time into making this.

[@sijiazhang9279]

Hey edspira, I am just wondering -- when calculating equivalent units of production for weighted average, do you add beginning work in process? I keep hearing conflicting things from both my professor and textbook, so I am thoroughly confused now lol.

[@Jkngz]

Do you have a video for Total of Units Started and Finished during a Period ? BTW I’m passing because of you ! Thanks !

[@Edspira]

I don't have a video on this yet, and unfortunately I don't have the time to make more videos until this summer. On my website I have more videos on process costing that may get you the full picture that you're looking for. (All the videos are free, and you don't have to sign-in to view the videos) www.edspira.com/lessons/process-costing I'm thrilled to hear that you are passing your class! Keep up the hard work :)

[@aaaza1556]

Thank you very much you have no idea how much this helped me 👐👐👐

[@Edspira]

Thank you!

[@muk9679]

Hi, could you please make a part 2 of this video where you apply the costs?

[@Edspira]

Will do! Should have it posted by the end of this summer. I apologize for the delay!

[@chrisbowen2093]

would you be able to address a situation in which another department transfers in costs at the beginning of a period?

[@amaurysantalicruz7225]

what if no percentages are assigned to DM and CC?

[@shahbazaftab7188]

Thank you, your videos help a lot!!

[@IzAngiesWorld]

AMAZINGGGG Sir, Amazzingggg! thank you!

[@Edspira]

Thank you!

[@Dapuf_Puffd]

This is so helpful thank you

[@Jin-rz8vf]

I like your videos, thanks.

[@Edspira]

Thanks...Best of luck to you!

[@MURDR63]

I'm very confused. Why did you change the numbers when you calculated cost per EUP? I thought beginning WIP was 750k?

[@rucetteabaya7570]

Thank you Sir for this! God bless you

[@su0744]

Some one plx explain this in detail...i have paper on next monday.. 11.11 A company uses process costing to establish the cost per unit of its output. The following information was available for the last month: Input units 10,000 Output units 9,850 Opening inventory 300 units, 100% complete for materials and 70% complete for conversion costs Closing inventory 450 units, 100% complete for materials and 30% complete for conversion costs The company uses the weighted average method of valuing inventory. What were the equivalent units for conversion costs?

[@farisyemen]

There are some related questions regarding EUP would you help me to explain it ?

[@xxxxRAVENxxxx]

what if there is no percent? am I going to assume its 50%? transferred out is 2200 and work in process is 800 so total units is 3000 but how do I obtain equivilant units conversion unit.

[@quanluu5479]

thanks a lot! this video is very very helpful. I really appreciate. :D

[@garretdhaliwal3079]

How do you find the degree of completion when it's not given? It seems like I can only find examples where it's either given or the number is made up.

[@BrandonKellyYT]

thank you for this!!!

[@Edspira]

No problem 😊

[@yoshinegus4019]

Equivalent Units because they arent finished yet, but they are still worth something!

[@stevefreeman5452]

You lost me at 4:47; can't see where the 50% hit on DM comes from. Well maybe not. Given 25% consumption of DL and MOH and a given total EndWip value; the $$ transferred out * DL%complete = X1; and $$ transferred out * MOH%complete = X2; then value for DM=X3=$$ transferred out - (X1+X2). So the $$ for X3 is a force number based on the values for X1 and X2. At least that's how I did it. ...So when the boss walks up and says "what's our cost per unit so far?" we tell him we have $9.02 for each unit total; which is sum of DM+DL+MOH = 3.96+1.69+3.37=$9.02

[@NGT29]

Thank you!! very helpful!

[@Edspira]

No problem!

[@mouthfarterteehee]

damn i wish i didn't find this channel a few hours before my exam... wish i couldve studied from you!

[@Edspira]

Maybe next exam. Best of luck to you!

[@findday356]

It is useful.Thank you so much.

[@Edspira]

Thanks Findday!

[@79missid]

Love your videos, only wish I had found a couple semesters ago. :) I do have a question, what is the name of the program that you use for making these? It's so much better than watching someone stand in front of a white board.

[@husananaznin4593]

Thank you so much

[@2205Maha]

Hello! There are 5 steps to do this you have only done 2 steps where are the rest?

[@thinhhuynh144]

Good Job. Thank you!

[@Edspira]

Thanks!

[@NoGSniping]

Thanks

[@brendankane6139]

Thank you

[@paolosalazar9919]

my man

[@jhoanna2762]

thank you so mu-

[@ishyr3414]

Amazing

[@Edspira]

Thanks!

[@charlieqian8833]

thank you from 2024

[@meierjoe]

Du bist lustig. Danke

[@cocoa5117]

suggest : change the background to white. eyes feel tired for the black.