FA 34 - Inventory - Weighted Average (Average Cost) Method

Module 7 examines inventory methods of tracking inventory. It explores the differences between FIFO, LIFO and Weighted Average inventory methods. You will learn to prepare inventory records and to record the journal entries related to tracking inventory.

[sofiachaconm]

I CANT THANK YOU ENOUGH FOR YOUR VIDEOS! you're saving lives 4 years later, thank you prof!

[maartendejong]

Hey Tony! Just received my grade for the midterm of my course, 34 out of 40 points; you're my hero! Can't wait to start watching the rest of the series in preparation of the final exam, thanks a lot!

[mohiadinhassanshismail]

Deserve more respect. Tony you made my day simple ❤

[josephjoshua]

man i cant even lie, you are actually amazing. You really explained this SO MUCH better than anyone ever has to me. Thank you so much Tony ur awesome man!

[SpuckyBMusic]

I can't thank you enough. This was a life saver!

[makeresemesenkhela]

I can definitely nail accounting with you as my teacher

[maryamrad]

very simple explanation. Thank you for making my life easier!

[jimicapaulalozano]

Hi Tony! I am not an accountant and in way good in Accounting, so when I was assigned to discuss process costing with LIFO, FIFO, and Weighted Ave, your videos are my go to! Thanks for this very helpful, easy to understand video! I just want to ask permission to copy your samples here so I can present in my class next week for my presentation :) The class will be recorded, however, it will only be viewed privately.

[ismailismaili]

thank you so much Mr. Tony it was super easy explanation really appreciate

[noxolongoako-thomas]

Thank you so much. This video really helped me alot :)

[waqasahmed]

what would happen in case of sales returns in all of the methods?

[aycannur]

thank you so much, this videos are really helpful:)

[Tiiimaa]

I would reallly appreciate it if you can explain simple average method I'm struggling there 😭😭

[jamezcua]

You are amazing tony, you helped much more than some professors. I appreciate your work!!

[LenaSlavova]

Professor, it's normal for us to get a different amount when calculating the average, right ? Because I did what you did in the video and my friend did the same and we got ≈ results that were close

[saint-antoinelaurent]

hearing a person with an American sounding accent saying litre is wild