MA6 - Schedule of Cost of Goods Manufactured Example - Part 1

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Module 2 examines cost terminology, the schedule of cost of goods manufactured, the schedule of cost of goods sold and the income statement. Terminology discussed includes: Direct materials, direct labour, manufacturing overhead, selling costs, administrative costs, variable costs, fixed costs, and mixed costs.

[@juanrojasbonilla3790]

I don't usually leave comments, but you've been a great help! Unlike the professors, I have you actually go over problems and explain them well. I just wanted to say thank you for what you're doing, and keep up the good work!

[@Tony-Bell]

Thank you!!

[@JaiLeafe225]

I'm taking the class right now and your videos are very helpful at clearing up the things I'm unsure about. Thank you!

[@heatherpratt9774]

I am so happy my online University has recommended your videos while I take the managerial accounting course. Thanks for being a great help !!

[@mohand088]

I stumbled upon your channel. It’s priceless. Thank you very much.

[@BB-ux5wd]

Thank you for this video. You really helped me a ton.

[@user-gv4td6pm5d]

why didn't you add finished goods in it

[@Winnie-fs4gi]

Thank u for giving this class! It's very helpful❤

[@DreamFirms]

What a cool approach! Thank you for the share.

[@trundlekelly]

My boy, Tony Beeeeezzzzy!!!

[@KhorMingLiang]

Thank you for saving my final exam 😭

[@radionwrx389]

Thank you for your job. Its really helpfull and easy for understanding.

[@edanurdiler2791]

Can you explain which type "Packing supplies for shipment" ?

[@samtemple4011]

Great videos, im a UK resident looking to potentially pursue a CIMA qualification in Management Accounting, is your content and methodologies the same as what i would expect in a UK accounting practice? Also, is your content and methodologies the same as what i would expect in the CIMA syllabus's for Management accounting too? I am very new to this area so i am unsure. Thanks, Sam

[@michellelal9625]

What about indirect labour?

[@carlandreicoderias5286]

Where my Classmates at?

[@roseb.5367]

May Accounting love me too, the same way I love it😢... I will continue to study 😂😂😂 Thank you

[@noonagrandeur2363]

Sir, i want to ask, is packaging cost part of manufacturing overhead?

[@jvg584]

Thanks Tony!!!!!

[@samkab677]

Are there journal entries for these?

[@fabioverita7862]

Tony you said I could put away my calculator in the first lecture what are you doing?

[@Tony-Bell]

Haha - that was ONLY for the first lecture! After that, calculators are needed!!

[@odeemena3649]

Life Saver

[@gannondrums2741]

Godsend

[@uranuskarimi3007]

It is not visible

[@HD-xh3fk]

Hi, if we hire accountant to take care the billing and purchasing for materials, is that considered admin cost ?

[@Tony-Bell]

Yup! Should be admin.

[@noonagrandeur2363]

@@Tony-Bell Sir, is packaging cost part of manufacturing overhead?

[@Theperspectiveplus]

Inventory of raw material 2025? How's that possible at January 2025

[@MementoMori1001]

Those are the excess of the previous year work in process balance. Example you forwarded 100 buns from your warehouse to your burger station but at the end of the year there's 20 unused buns which are considered the ending material inventory of 2024 which is the beginning material inventory of 2025

[@trundlekelly]

Tony Bell Head! ❤😂

[@trundlekelly]

Tee Beezy off da heezy!