Journalizing Manufacturing Transactions

[@benderbendingrofriguez3300]

Very helpful. Finally I understand these entries a little bit more.

[@CarolynChristesen]

Thank you! I'm glad you found it helpful.

[@benderbendingrofriguez3300]

@@CarolynChristesen No problem. The manufacturing entries are a real pain to deal with.

[@jonathanadokwei9384]

Wow Caro!!! This is the first video I'm watching out of your videos & the first time to come across your channel but I'm blown out by your style of teaching & presentation. So detailed & informative. Thank you so much for being resourceful 🙏🤠 Is the any video(s) I might need to watch before watching this very one as related to accounting for manufacturing or production?

[@riteshmahajan5209]

as wonderful as ever, just keep it up !

[@shaheershujaat2223]

Very nice discussion good job

[@shaleeathukorala6682]

it was very helpful & plz let me know how to decide the "Cost" of finished goods? in here120,000?

[@CarolynChristesen]

The cost of the finished goods here is equal to the cost of the goods manufactured during the year (since we have no beginning inventory) less the cost of goods that have been shipped to customers. Is that what you are asking?

[@jeywooo6053]

Uhm.. Why problem D) Dr and Cr does not balance in the journal entry section? Dr. (Total) 126,000 Cr. (Total) (6000+18000+50000+76000) 150,000

[@CarolynChristesen]

That's a good question! I must have edited the problem and forgotten to change the debit. Thanks for the note! Hopefully you still got the idea. Sorry for the late reply - I didn't see the notification.

[@eleonorbertumen3714]

Can you please give example of journalizing transaction on hybrid(manufacturing/services) business.?

[@Ammuammu-mc1fc]

When we doing financial accounts does we need to enter these entries

[@shabaazjahoor8937]

Thank you

[@CarolynChristesen]

You're welcome

[@imthatguy4179]

please how would record finished issued as samples?

[@shabaazjahoor8937]

Would it be possible to categorize your videos into playlists ? LIke maybe ACCA F5 or something similar

[@CarolynChristesen]

Thank you for the recommendation! I've organized them into financial and managerial accounting topics.

[@tonyf80]

How do you close out Manufactorin Overhead Control account?

[@CarolynChristesen]

Hello Antonio - When you're done, you'll have either over- or under-applied overhead. Depending on your instructions, either close it to Cost of Goods Sold (that's common) or allocate it among Cost of Goods Sold, WIP and Finished Goods Inventory. I hope that helps.

[@tonyf80]

@@CarolynChristesen got it. Thatnks.

[@samkab677]

Do these journals work in perpetual or periodic ?

[@CarolynChristesen]

This is a perpetual inventory.

[@samkab677]

@@CarolynChristesen hi please advise for periodic for section a b c d e..do they stay the same ? .thank you this video helped a lot

[@RomelyPadrigone]

DO YOU HAVE EXCEL FILES

[@CarolynChristesen]

Try this: www.dropbox.com/scl/fi/4l5zyikz36djjytqeg03j/Manufacturing-Journal-Entries-Video-Handout.xlsx?rlkey=3ukw9uatebvjnpa5wlysdndk4&dl=0

[@priyanair6917]

please check your work before you upload your video in the internet. your numbers not adding properly. thx

[@CarolynChristesen]

Thank you for your note Priya! I see what you mean and will update this video as soon as I can.