INVENTORY VALUATION (FIFO & WEIGHTED AVERAGE) - PART 1

This video explains the concept and procedure for valuation of stock using both FIFO and WEIGHTED AVERAGE methods. It solves a practical question to that effect.

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facts

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[@The_Scalper_Way]

I never understood this in class but know after watching this video I understood these valuation method. thank you very much 🙏🙏👏👏

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[@bockariesandy4953]

Waw I really appreciate 👏 this lecture. I was having problem with the calculation of LIFO but thank God 🙏 now

[@ivanabdulrazack837]

LIFO is no longer in international accounting standards for valuation of inventory

[@chiamakambah5786]

Sir I thank you so much and I do appreciate your efforts… the lessons were so easy to understand because of your procedures but sir we didn’t get the part2?🥺

[@MarkChekani]

Thanks very much sir.........but how about LIFO sir??????

[@MJ_adams]

This is beautiful… you made it look easy ❤ thank you

[@simayualmahdiyussuf4349]

We thank you for your effort to help students,please do for us part two as quickly as possible. Thank you once again.

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Thank u so much Sir ,your explanation is too good ,now I understand AVCO

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[@manuelchisokwe3506]

The work is just fine,but Sir check on subtract between 210- 40 I hope the answer should be 170 not 160 because when we multiply 160 × 4.95 it is giving us 792 instead 842. It is just observation sir I hope you are going to make corrections in the next video. The observation is on calculation of stock valuation using weighted average method

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This guy equipped me for my M.Eng Exams...I have FIFO TOMORROW

[@lawrenceomondi1376]

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[@rip-bettermustcome]

Sir please there is a mistake under the weighted average method.On June 7th,when you less the issued quantity(40) from the balance quantity(210) you should get 170 as the current balance quantity. Hope you get it 🤝

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[@PreciousDike-ex8md]

I guess u didn't finished watching the video, bcux he fixed it

[@moo-usabao]

Yes! it should be 170, he made a mistake. Because 210 _ 40 = 170

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This video has been helpful thanks alot

[@nanadmedici6505]

I have now understood Fifo,lifo and weighted average

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[@SheikhOmarNjie-y3i]

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[@jennaystrawberries2112]

You made an error while issuing on June 70. If you minus 198 from 1040 you get a diff answer. If you do 40 multiplied by 4.95 different answer too

[@judianachiwayula2317]

Sir I have a question...so if they ask us to prepare trading account from the FIFO method what will we use since issues only have quantity but not the price??? From the question

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Great explanation. Can you please explain about RE post-acquisition on the Date of disposal and Date of acquisition please, I get so confused sometimes I do all works for consolidation but get stuck on RE

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So what happens when you have returns when using WACO? I hope you see and answer this but thank you for the presentation

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Can this be used for periodic as well as perpetual inventory system

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Thanks u sir is very helpful please update part 2 very soon.

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Sir please i just started watching you now.Please how do they present a differential table

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[@OrikoDavid]

What about a situation where they bring the opening stock when is lower than the amount you're going to use for issuing

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Sir please I n the case of CBT exams is there a quicker way to solve this