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.

Пікірлер: 185

  • @ikslatt
    @ikslatt2 жыл бұрын

    wow.. this channel is a gem 💎.. this man has no idea he's saving lives 🙏🙏🌠

  • @spencerfrimpong6480

    @spencerfrimpong6480

    Жыл бұрын

    facts

  • @Just_Shantel

    @Just_Shantel

    2 ай бұрын

    No really he doing miracles

  • @nafiuharuna9598
    @nafiuharuna95988 ай бұрын

    I LOVE THIS GUY, I'VE TRIED SO MANY EXAMPLES WITH FIFO and I HAVE GOTTEN IT RIGHT. I LOVE THIS GUY.

  • @The_Scalper_Way
    @The_Scalper_Way Жыл бұрын

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

  • @Yinkuzzy
    @Yinkuzzy Жыл бұрын

    I really appreciate your efforts sir, you are really saving lives with your videos❤️💯

  • @blessingsmithi6203
    @blessingsmithi6203 Жыл бұрын

    U make accounting to be easier.keep on teaching us sir

  • @enjoymovies444
    @enjoymovies4447 ай бұрын

    Am from kenya. Thank ❤. My online lecturer. May God bless you

  • @simayualmahdiyussuf4349
    @simayualmahdiyussuf43492 жыл бұрын

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

  • @almondallaine3257
    @almondallaine3257 Жыл бұрын

    From Kenya, understood sir. God bless you

  • @olurantiakinde-cd7pp
    @olurantiakinde-cd7pp Жыл бұрын

    You're a life saver sir. I love 💕 your teaching. Very explanatory

  • @thozamabuda3348
    @thozamabuda3348 Жыл бұрын

    The only teacher I understand. Thank you so much Sir

  • @edithoteng2106
    @edithoteng21062 жыл бұрын

    Good job 👏🏽 I understand it more then what my professor Thought me yesterday God bless you @USA

  • @lecowzatv
    @lecowzatvАй бұрын

    It’s my first time doing accounting and I got a 100% in my previous assignment with your help. Thank you very much Sir.

  • @lawrenceomondi1376
    @lawrenceomondi1376 Жыл бұрын

    God bless you FOG. You are a blessing to us.

  • @peterchok8769
    @peterchok876910 күн бұрын

    You are a good teacher, God bless you more and give long live

  • @MarkChekani
    @MarkChekaniАй бұрын

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

  • @olajideoluwatomilolapeace4320
    @olajideoluwatomilolapeace4320 Жыл бұрын

    Thanks so much sir u just made my fear on dis topic to be solved thanks dearly 😅😅 God bless you more

  • @wn.4112
    @wn.411210 ай бұрын

    Thank you for this wonderfully and clearly explained video.

  • @shadreckkayombo3404
    @shadreckkayombo3404 Жыл бұрын

    Wow I categorically luxuriated your wisdomaticatially expoundations

  • @graceyounkendeh4980
    @graceyounkendeh4980 Жыл бұрын

    You are a professor sir May GOD bless🙏🙏 ur hand✋ work

  • @chuolriekchuol9074
    @chuolriekchuol90743 ай бұрын

    Thank you you I get all my A through this channel Thank you very much sire May God continue to bless you Live in South Sudan

  • @user-tn2ir5vp3h
    @user-tn2ir5vp3hАй бұрын

    i love this guy have tried so many example with FIFO and AVCO

  • @Lovethstitches
    @Lovethstitches Жыл бұрын

    You are a live saver sir May God increase you 🙏

  • @musembielijah6391
    @musembielijah6391 Жыл бұрын

    Thank you sir I'm in the light ,...God bless you

  • @DominicChikoma
    @DominicChikoma2 ай бұрын

    I love this tutor. You are the best man

  • @jeremiahmoemeke1031
    @jeremiahmoemeke1031 Жыл бұрын

    Thank you sir, i really appreciate. It was really comprehensive

  • @OscarTapiwaTarusenga
    @OscarTapiwaTarusenga5 ай бұрын

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

  • @phlysiamottey704
    @phlysiamottey704 Жыл бұрын

    God bless you Sir❤❤... You are a great teacher... The Watch and learn aspect 😂

  • @chavellethomas630
    @chavellethomas6302 жыл бұрын

    i have this exam this evening and this as so helpful and clear

  • @ify_smile6971
    @ify_smile6971 Жыл бұрын

    This video helped me in my exams God bless you 🙏

  • @2lihitelekwa275
    @2lihitelekwa2759 ай бұрын

    Wow, thank very much fo the job well DONE

  • @atolomartha2117
    @atolomartha2117 Жыл бұрын

    I love the simplicity and the clarity of each step, thanks Sir🙏🙏🙏

  • @briankamanga8149
    @briankamanga8149 Жыл бұрын

    Sir you are really good at lecturing thank you for making me gain this knowledge i will always support this channel🙏

  • @lillianwangui5801
    @lillianwangui5801 Жыл бұрын

    I AM JUST GRATEFUL. STAY BLESSED!!!

  • @mainzalukumba552
    @mainzalukumba5522 жыл бұрын

    Thank you so much for your efforts sir, you have really helped me

  • @nanadmedici6505
    @nanadmedici65054 ай бұрын

    I have now understood Fifo,lifo and weighted average

  • @emmanueleyo2186
    @emmanueleyo21865 ай бұрын

    thank you for making accounting easy sir.....Thank You🙂

  • @nanakoomson4308
    @nanakoomson43083 ай бұрын

    Your step by step has helped me greatly

  • @emekaigwe1261
    @emekaigwe12615 ай бұрын

    Wow..sir you have made this topic very easy for me to understand.thanks a lot sir. love from Nigeria

  • @user-jf9uy8pj2o
    @user-jf9uy8pj2o5 ай бұрын

    God bless you sir, the topic is well comprehend👍👍👍

  • @CindybeautyPalour24
    @CindybeautyPalour242 жыл бұрын

    Thanks so much. I have text this morning and this really helped

  • @ItsVera-fn6hb
    @ItsVera-fn6hb29 күн бұрын

    Sir you have no idea how these lessons are impactful to us 😢❤

  • @mightymuteketa5349
    @mightymuteketa53492 жыл бұрын

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

  • @ANNANALUNGWE-mj9xo
    @ANNANALUNGWE-mj9xoАй бұрын

    This video has been helpful thanks alot

  • @chiamakambah5786
    @chiamakambah57862 жыл бұрын

    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?🥺

  • @manyamfaith2617
    @manyamfaith26172 жыл бұрын

    Wow this is great ,God bless you

  • @godfreythomas9691
    @godfreythomas9691 Жыл бұрын

    May GOD bless you sir your my best teacher, am from TANZANIA

  • @johnmatur9974
    @johnmatur9974 Жыл бұрын

    I really enjoyed the the video and appreciated.

  • @Gloria-si8nh
    @Gloria-si8nh10 ай бұрын

    This video it's so helpful.... thank you so much

  • @Descee
    @Descee24 күн бұрын

    Best accounting teacher ever. Kudos

  • @fctc6942
    @fctc6942 Жыл бұрын

    I DO REALLY ENJOYED YOUR VIDEO. THANKS FOG

  • @vincentboateng1609
    @vincentboateng16092 жыл бұрын

    God bless you sir. Please when will you upload the part 3 of IAS 16. The parts 1 and 2 really helped me. Your videos are insightful 👌

  • @Newchallengerz
    @Newchallengerz Жыл бұрын

    God bless you sir. You gave me more than my paid lecturer did.

  • @Ra_chel354

    @Ra_chel354

    Жыл бұрын

    Hmm...same here

  • @malwandlankuna4471
    @malwandlankuna4471 Жыл бұрын

    🙏God bless you sir,life saver

  • @fatmatafarma4701
    @fatmatafarma4701 Жыл бұрын

    Thank you so much sir you really save my life 🥰 nice job

  • @frezahmuchimba5561
    @frezahmuchimba5561 Жыл бұрын

    Thank you for making this so easy 🙏🙏🙏

  • @bockariesandy4953
    @bockariesandy4953 Жыл бұрын

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

  • @ivanabdulrazack837

    @ivanabdulrazack837

    Жыл бұрын

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

  • @oswaldmag289
    @oswaldmag289 Жыл бұрын

    Very simply detailed .

  • @seeisosam9253
    @seeisosam92532 жыл бұрын

    perfect brother. just perfect.

  • @joechibangu2007
    @joechibangu2007 Жыл бұрын

    Excellent explanation 😍

  • @moralityandethics7074
    @moralityandethics70742 жыл бұрын

    Good Job Bro Please Do Well To Upload The Part Two-2

  • @lucyndunge7586
    @lucyndunge758620 күн бұрын

    thank you sir for the lessons

  • @janetofamuyiwa3860
    @janetofamuyiwa38604 ай бұрын

    Thanks for this!

  • @mbwanarajab4756
    @mbwanarajab47562 жыл бұрын

    Your very bright lecture.. In Tanzania we like to join with FOG Accountant

  • @nyirakamanabetty783
    @nyirakamanabetty7834 ай бұрын

    THAT IS GOOD ,THANK YOU SIR THIS IS VERY HELPFUL

  • @TshepisoTepane
    @TshepisoTepane5 ай бұрын

    your teaching is really good

  • @aishazahara2546
    @aishazahara2546 Жыл бұрын

    Woow it's a nice lecture

  • @thelaw7614
    @thelaw76147 ай бұрын

    I found this helpful ❤ Thank You sir🙇

  • @rip-bettermustcome
    @rip-bettermustcome Жыл бұрын

    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 🤝

  • @xamsedubad1018

    @xamsedubad1018

    Жыл бұрын

    yep i thougth im alone

  • @gloriaeyi6502

    @gloriaeyi6502

    Жыл бұрын

    Pppppp

  • @trevorpapii5034

    @trevorpapii5034

    Жыл бұрын

    He fixed it thou

  • @PreciousDike-ex8md

    @PreciousDike-ex8md

    Жыл бұрын

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

  • @moo-usabao

    @moo-usabao

    Жыл бұрын

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

  • @junirptional2645
    @junirptional2645 Жыл бұрын

    I really appreciate it

  • @charlyn-praiseukpere
    @charlyn-praiseukpere Жыл бұрын

    This was of great help🙏

  • @niwemutoniannedivine773
    @niwemutoniannedivine7734 ай бұрын

    wooouuu thank you brother you saved my marks🥰😍

  • @nafiuharuna9598
    @nafiuharuna95988 ай бұрын

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

  • @christinemambo1319
    @christinemambo13192 жыл бұрын

    You are a genius 👏 🙌

  • @sofeucardinkoungajoel4573
    @sofeucardinkoungajoel4573 Жыл бұрын

    Ohh thanks sir very interesting 😊

  • @edisonelricolebereki635
    @edisonelricolebereki635 Жыл бұрын

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

  • @siloambrothers1227
    @siloambrothers1227 Жыл бұрын

    Thanks man for making me understand

  • @judianachiwayula2317
    @judianachiwayula2317 Жыл бұрын

    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

  • @garvinhakolimanajr.9221
    @garvinhakolimanajr.9221 Жыл бұрын

    Very brilliant explanation

  • @happynesssylvester5781
    @happynesssylvester5781 Жыл бұрын

    God bless you I am your student from Tanzania🙏

  • @arunamansaray5713
    @arunamansaray5713 Жыл бұрын

    Thank you sir for your help 🙏

  • @nafiuharuna9598
    @nafiuharuna95988 ай бұрын

    Guess what I AM DOING MASTER IN MECHANICAL ENGINEERING AND THIS MANAGEMENT COURSE KEEPS ON APPEARING...BUT WITH GUY, THE SKY IS MY STARTING POINT

  • @justinakornelius1349
    @justinakornelius13492 ай бұрын

    Sir you are the best

  • @lawrenceomondi1376
    @lawrenceomondi1376 Жыл бұрын

    Love from Kenya, East Africa

  • @johnolofu3742
    @johnolofu3742 Жыл бұрын

    This is awesome

  • @chantalberka1729
    @chantalberka1729 Жыл бұрын

    I like the way you teach sir

  • @user-ti1wz2fz7m
    @user-ti1wz2fz7m7 ай бұрын

    tank sir to make me understand

  • @labanthuowambui6313
    @labanthuowambui63132 ай бұрын

    You really rock FOG

  • @user-mh3dr4sr9i
    @user-mh3dr4sr9i6 ай бұрын

    I understand this very well. Sir please do a video on Contract account

  • @mumbodegal8334
    @mumbodegal8334 Жыл бұрын

    Much love from kenya

  • @EnochArthur-kt3rq
    @EnochArthur-kt3rq10 ай бұрын

    Good teacher on KZread

  • @joynwaokuzu2310
    @joynwaokuzu2310 Жыл бұрын

    Thank you so much sir

  • @walusimbisudais208
    @walusimbisudais208 Жыл бұрын

    Thank you so much

  • @user-nq8sg7tw2c
    @user-nq8sg7tw2c Жыл бұрын

    Big ups sir, You spoil there🥂

  • @michaelkobba2741
    @michaelkobba2741 Жыл бұрын

    What if you are issuing and the price is given under the weighted average?

  • @annielehong9197
    @annielehong91972 жыл бұрын

    I had no any idea on what I was doing, but you really opened my eyes, and i can now solve the exercises I once struggled with. Thank you so much. South African!

  • @FOGAccountancyTutorials

    @FOGAccountancyTutorials

    2 жыл бұрын

    Welcome 🙏🏽 Chat me on WhatsApp

  • @user-ve7lq7bc7x
    @user-ve7lq7bc7x5 ай бұрын

    Thank you sir ❤

  • @josephmweresa4540
    @josephmweresa45402 жыл бұрын

    Thank you so much 🥰💞

  • @nyahsandrafon6024
    @nyahsandrafon6024 Жыл бұрын

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

  • @eberenwokeji
    @eberenwokeji2 ай бұрын

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

  • @BrillianKapolobwe
    @BrillianKapolobwe11 күн бұрын

    God bless you 😇