God bless people like you. My ass has just been saved yet again
@mathewjr2 жыл бұрын
This just helped me completed a problem solving assignment. Thanks alot from Papua New Guinea. 👍
@alexadalpedri70949 жыл бұрын
THANK YOU!!!!!! You just saved my ass... in homework terms... I didn't quite get this from lecture. THANK YOU!
@axanastanislava37847 жыл бұрын
So easily explained. I love that you presented a "big picture" sort of explanation about it. Thank you so much! I get it now!! lol :-)
@christine95125 жыл бұрын
extremely helpful, thank you!
@spiritus24752 жыл бұрын
Coming to this video many years down the line He's about to watch the world cup "I'm a bit of a super fan for Germany." Damn, this guy is about to have a really good day. Good for him, after saving our asses with this video.
@NotepirateDave2 жыл бұрын
Haha. Thanks for watching!
@clingyvibes23033 жыл бұрын
Thank you for this, really helpful for college students like me 😍😉
@Sujin89110 ай бұрын
Good explanation 😊
@desireedombek12018 жыл бұрын
This was pretty awesome! Very clear and to the point! Thanks
@presidentbrau57743 жыл бұрын
U r goated!!! Thanks!!
@07aalvarez8 жыл бұрын
Thank you!! it was very helpful!!
@MrLiquidxIce6 жыл бұрын
7-1
@portiafielies49764 жыл бұрын
going to try this and let u know how it worked for me ...thank u
@angelogarcia21867 жыл бұрын
im still confused. im not sure im understanding the statement that they gave me in my classI hate accounting
@reannelazar18778 жыл бұрын
Thank you, this video was so straight forward!
@vividartstudioz4 жыл бұрын
i love your work dude!
@murielabk70154 жыл бұрын
super helpful!! thanks!
@Brainwavebounty7 жыл бұрын
Just earned 3 weeks of material in 10 minutes. One question. President's salary would not be considered direct labor or manufacturing overhead right? What about Plat Supervisor's salary? He is technically part of manufacturing so I am not sure.
@shahbazaftab71887 жыл бұрын
This helped me out a lot!! Thank You
@aschecan6891 Жыл бұрын
Best!
@shoug-i75 жыл бұрын
Thank you it was very helpful❤️
@papayugoslava59979 жыл бұрын
This helped me so much with my ACCT homework! Thank you so much!
@Wardahera7 жыл бұрын
Hi Great video! Just wanted to ask how to calculate work in process for cogm in a month Thanks
@Zoe-nh8fe7 жыл бұрын
THANK YOU!
@glowy72163 жыл бұрын
what do we have to do if there's something called Returns of raw material to suppliers?
@samchi39857 жыл бұрын
thisis amazing
@lotabalitaan1382 Жыл бұрын
Shouldnt the WIP ending (14,000) be increased instead of decreased?
@marialebea79024 жыл бұрын
Thank you so much but I am failing to interprete the additional information given to me when calculating my cost of goods manufactured. Let's say for instance I'm given $28600 as my water and electricity (30% is for water) with this additional information: During the year, the factory utilized 5 500 litres of water and 38 500 kilowatts of electricity while the office building utilized 2 750 litres and 11 000 kilowatts. The factory occupies 77% of the total property space. How do I interpret it and put everything on its rightful place
@sheenabeanorr6 жыл бұрын
The FG beg and end did you just make these numbers up or are the from the totals of DM & DL?
@GUDDAisHere9 жыл бұрын
I wish you compared COGS for manufacturing VS merchandising
@GUDDAisHere9 жыл бұрын
***** In class we have to find cogs for a manufacturing sector and cogs for a merchandising sector. Just wish you should the difference between the two, e.g. manufacturing has a cogm statement, while cogs for merchandising does not have a statement you just solve for cogs. However you didn't show how to find cogs for merchandising. I know solving for cogs for merchandising sector is easier than cogs for manufacturing... just wished you should the difference between the two. Its ok, I still love you. And as I've stated on other videos i keep showing people your vids and will continue to do so. you are awesome
@benjiledua54227 жыл бұрын
can you also put synonym for words such as ending inventory and so forth. please
@benwambua86222 жыл бұрын
hello, where do we place plant and equipment in manufacturing cost statement
@NotepirateDave2 жыл бұрын
You don't. The cost of goods manufactured statement looks at inventory, not property, plant and equipment.
@MuhammedHassen-s2uАй бұрын
Hello how are you teacher be strong? Please give wè COC new carculm for level four about costing system?? Please please don't forget?
@mattchew6287 жыл бұрын
THIS SAVED MY ASS
@aaaa51525 жыл бұрын
Thanks, Bro I can get an A now ;)
@aaaa51525 жыл бұрын
@@NotepirateDave That's correct
@ericwilkinson16724 жыл бұрын
Can we account for the depreciation of the machines in the cost of goods? It seems that if the machines are being used to make the product (causing the wear and tear) should go into the cost to make the product because they will eventually need to be replaced. I am thinking from a start-up manufacturing and trying to figure out what the cost of each widget. Thanks
@NotepirateDave4 жыл бұрын
Well the depreciation cost is considered manufacturing overhead which goes into the cost of goods manufactured. In the end, it's factored into the cost of goods sold. 🤓
@johnweber22485 жыл бұрын
what if you are trying to solve for direct labor?
@TheJayeshmotwani19 жыл бұрын
Why to add the difference of the Work in Progress at the beginning and end to the COGM ? Can you enlighten more.
@JAFFER36577 жыл бұрын
He said to add the cost of goods which are moved from WIP to FG (Jo cost move hochuki WIP se FG me usko adjust karne ke liay COGM me add kia hai).
@mohammadtariqhussainawan22636 жыл бұрын
dear, we add beg WIP(which are uncomp manufacturings of last year), to add them in the current years finished goods, ( as they r comp in current year), and less the uncomp( ending WIP) ,
@christinejoypagatpat60693 жыл бұрын
hi! i hope you see this! but I just wanna ask hoy you prepare the same statement but under Variable Costing method?
@NotepirateDave3 жыл бұрын
Hey Christine, This isn't an income statement (which is what I think you're mixing it up with). An income statement can be prepared on a contribution (variable costs) or absorption basis (COGS includes both variable and fixed cost components). I'd suggest looking further into the playlist for the contribution method approach. Dave
@samir.ebrahim2 жыл бұрын
I'm here the day before my exam.
@NotepirateDave2 жыл бұрын
You would be surprised how many comments I get saying this 😆
@ashfaqwarraich97876 жыл бұрын
If raw materials purchases is not given?
@catpaws19136 жыл бұрын
ashfaq warraich doesn't that just mean there's no purchases and the available rm will be the beginning bal. Idk, did you find out?
@muhammadzeeshanbaloch59765 жыл бұрын
ashfaq warraich if purchases not given then raw material beginning will be raw material available & if you want to find out purchases then make the statement in the sequence and leave purchase line see you have available rm - beginning rm you get purchases.
@viper79818 жыл бұрын
How would I find Raw material purchases without it being given to me by the problem?
@globaltop54302 жыл бұрын
has to be given
@tmontaf91757 жыл бұрын
This was very helpful - clear and simplified, but my accounting problem has 'Total manufacturing cost to account for' - what does this mean? I am unable to determine what information needs to go in this field....help!
@mdraihanulislamtomal60644 жыл бұрын
sound??
@mr.stranger56413 жыл бұрын
U just reminded me of the 7-0 ,, how cruel !!!!
@Oxcilic6 жыл бұрын
This video was mostly helpful but the end is just weird. You wrote 12,000+49,000=41,000 ...What....
@wajidhussain86987 жыл бұрын
Hell background..
@Kingwez4 ай бұрын
DM used = RAWMbeg + RAWMpur = AVAILABLE RAWM - Ending Inv DL = Any label that produces products ex 12000$ label cost employees MOH = IM + IL + FR + FU or any thing that replayed to the factory. + WIPbeg - WIPend = COGM .. FGbeg + COGM = Available FG - FGendinv = COGS