Process Costing | FIFO Method | CMA USA | Cost Accounting |Tips & Techniques | Commerce Specialist |

Link for HOCK International resources is given below:
ecs.page.link/d1gK5
This video from Commerce Specialist explains Process Costing. Detailed explanation is given regarding how to solve process costing questions, how to make Quantity Schedule, how to calculate Units Started and Completed, how to calculate Equivalent Production in Units, how to calculate cost per unit and how to Allocate costs to Units Completed and Work in Process, specially under Process Costing FIFO Method.
This tutorial/lecture video is very relevant and useful for students of B. Com, O Levels, A Levels, BBA, MBA, CA, ACCA, CMA, CIMA, CIA and CPA.
About:
Commerce Specialist is a Certified Management Accountant (CMA) from USA, is a Fellow of member of HEA UK, holds Certification in International Auditing from ACCA-UK, member of IFA UK and IPA Australia, also holds a Bachelors in Accounting, A teaching qualification of B.Ed., an MBA in Finance along with over 20 years’ experience of working in various MNCs in different sectors including Banking, NBFIs, Retail, Oil & Gas, Telecommunication, and top business schools, colleges and universities.
Viewers and students can contact me on [e-mail] or email me at [e-mail] or whatsapp me on [phone].
#processcosting #cmausa #processcostingfifo

[@Aadihere893]

Fantastic video ! You made my life easier Thank you 😊

[@CommerceSpecialist]

Thx

[@hairtransplantcore4635]

Thanks for the video 😊

[@mohamedlaminkanu4569]

Good Lecture sir

[@letsglowwqueen]

Thanks a lott sir, Please continue making videos.. from a CMA aspirant.😊

[@CommerceSpecialist]

Sure

[@NadiaNadia-gz2fu]

amazing

[@mohsinmohammad2746]

Alhamdullaih I have understood this concept by your methodology May Allah grant success Thanks a lot.

[@CommerceSpecialist]

Thanks a lot my dear🙏👍😊

[@bettytom6999]

Thank You Sir for the explanation.

[@CommerceSpecialist]

Ur welcome🙏

[@HDKaush]

Thank you sir ❤

[@JuniorTumbe-ht5tf]

Thank you ❤

[@danishshahzad6399]

Wonderful job. Please do calculation with normal loss, abnormal loss/gain units of the same question.

[@CommerceSpecialist]

Video coming soon dear

[@uzmatabassum9176]

Nice explanation , sir for abnormal or normal spoilage is there any specific video , can u plz say

[@bgowda6989]

nicely explained, thank you sir

[@CommerceSpecialist]

Thx dear

[@crispuskairu7386]

well explained and simplified.

[@CommerceSpecialist]

Thanks🙏👍

[@isaaccheza]

great work💥💥💥, watching from malawi

[@CommerceSpecialist]

Thx dear.😘👍

[@user-vk2ut6os4u]

Please sir in this your lectures, if you have abnormal lost and scrap value in this fifo method what will be the solution ? Workings ?

[@annmaryreji8459]

Thank you sir

[@CommerceSpecialist]

🙏👍

[@athulrajk3435]

Sir Why do you take denominator 1188 on conversion cost ?

[@fatmaansari5485]

Plz sir make video on machine hour rate and labour hour rate plz.....

[@abdurrahmanlafiz1223]

thank you so much

[@CommerceSpecialist]

Ur welcome dear❤️

[@avijitmazumdar5508]

This is a brilliant session. I have one question- what happen when DM is added in the start of the process @100%. What will be the equivalent units.

[@CommerceSpecialist]

100%

[@haniabukar857]

In cost per unit,step4 why beginning cost of BWIP is excluded?

[@mohammednoufalpallath787]

Sir In hock materials essay question is not there in process costing. Which means it is not important for essay

[@CommerceSpecialist]

Not necessary

[@siphenathityaleni8205]

where can I find where you talk about Normal and abnormal loss?

[@CommerceSpecialist]

Thanks for reminding, that video is coming soon

[@fayedrahman95]

have you done this video? if yes pls share the link @@CommerceSpecialist

[@wellwishers1008]

Dr Why did we added cost of beg WIP 1500 to completed and transferred out cost ??

[@CommerceSpecialist]

Its FIFO dear

[@acegamer3101]

Pls make a video on statement of changes in equity

[@CommerceSpecialist]

Sure

[@mariamary2156]

Where can i get more mcq on process costing sir?

[@CommerceSpecialist]

From the books dear

[@hairtransplantcore4635]

Which material is best for cma us according to you ? please don't say every materials is good 😁

[@ahmedqneibi6502]

i believe there is a calculation mistake made in step 4 when you divided 12000 by 1.118 for CC, the correct value is 1.110

[@CommerceSpecialist]

Thats immaterial dear😊

[@user-zo4qe5cs6d]

Answers is not correct

[@CommerceSpecialist]

😂🙏👍

[@Trending__shorts006]

sir its wrong ...

[@CommerceSpecialist]

😂👍

[@vadakkan3136]

thank you sir

[@CommerceSpecialist]

🙏👍