Cost Per Equivalent Unit, FIFO Method, Part 2 (Applying Costs)

My professor spent about 45 minutes talking around in circles trying to explain this. I watched this video and the previous and understood it in ~15 minutes. Thank you for the quality content.

[@tyler7992]

Yep. I don’t know why some teachers even bother. Just bring up KZbin and let the videos teach the class lol

[@Edspira]

No problem my friend!

[@kahoslayer]

you make the student accounting life so much easier. Thank you!!

[@nicolasekaputerasamuel896]

Couldn't agree more!

[@wilkakandombo7655]

Now I understand this how to calculate the cost per equivalent units for both FIFO and Weighted Average Methods. Thank you very much.

[@mohafzal2790]

I was studying this from BPP textbook and they seemed to have a highly detailed and long winded approach to it. I ended up giving up for a while to take all that info in. But You seemed to have simplified it and this video lecture embodies the explain me like I’m five sentiment Thank you sir

[@Bluemoon25112]

Exactly my boo doesn't state the detailed method of reaching to that solution, I spent about 3 days and then came across his videos. All missing pieces of information just fit in.

[@jasheilcabalquinto985]

this is so much easier to understand than any other tutorial i found here on yt. one thing, I can't hear the voice well I had to maximize the volume.

[@Estarjud]

thank you so much - you explained this topic so much better than my professor who himself is so confused...i wonder why he ended up doing this job for awhile:( great job keep posting more! 2 thumbs up!

[@itsazharalam]

thank you so much, sir. you literally saved my marks.

[@Edspira]

You are most welcome

[@sakura3475]

I fully agree with the previous comment. The explanation from my professor was not as clear as yours. Thanks a million!!

[@thesecretjin5988]

God Knows how helpful you are. God speed to you, MY ACTUAL SIR

[@taylorthuet6404]

THANK YOU THANK YOU! You are seriously a God send!

[@semiautomaticgluegun]

This video saved me for my managerial accounting exam. Thank you!

[@snehasewani1794]

well explained sir , thank you

[@sharithrakarthikeyan7554]

Nice explanation! 😍 Thank you sooo much!

[@ranjenny9906]

Your videos are so helpful!!

[@niomicummings5670]

how did he arrive to the 8500 vs the 8000 in the weighted average example

[@putri340]

Is it okay to write down direct labor and MOH separately or do i have to combine them?

[@emilinsky00]

But why did you include the wip opening costs and not just the costs it took to complete the wip? Didn't they incur in the last period?

[@yoshinegus4019]

FIFO you include them. W.A. you don't.

[@suzanabu8178]

Thankyou sooooo much ❤

[@barhamkhalid8564]

What about Cost Reconciliation - Process Costing? I did it for you example, so there are $10 rouding error. is it normal ?

[@rucetteabaya7570]

thank you!!

[@rolandorivera5239]

I have a rush question, in studyng for the CMA and im confused in the part of transfering cost from one department to other, why the % done in Ending WP is not counted as transferred out?

[@its_me_human6448]

It is EQUIVALENT, Think about it with yourself. I'm diploma student who is answering CMA student.

[@MarioEnriquez-zp9wu]

@@its_me_human6448yea a diploma student who doesn’t have manners. No wonder you only have a diploma

[@sawsanaziz7051]

thank youu