#3 Cost Sheet (Calculation of Stock) ~ Cost Accounting

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In this lecture I have discussed the procedure and concept of calculation of closing stock under FIFO Method, LIFO Method and Weighted Average Method with the help of a practical problem. This lecture may be useful for students appearing in B.Com, M.Com, CA, CS, CMA, BBA or MBA etc.
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[@hamayoonshah1990]

Great Great and Great ... Indeed you people are the reason for the greatness of India. Love from Pakistan 🇵🇰

[@divyanautiyal4162]

Kya baat hai

[@SATYAMKUMAR-ei1hw]

I ❤️ My India

[@sanjupal9382]

Pakistan mai bhe ye chapters h

[@maryamamin9079]

@@sanjupal9382 obviously Pakistan Mai bhi Chartered Accountants hain

[@nadimansari1683]

Welcome bhai

[@shyambahadurchetri1816]

Sir is giving every details that may arise while solving irrespective of the given question. You're undoubtedly excellent sir. Thankyou sir❤.

[@sadhikanishad5438]

Tnku sir aap ke vjha se mujhe accounts bht psnd h aap bht achhe se smjhhte h 🙏degree m 3 yrs se aapka video's dekhti hu

[@sujanpurkait3198]

The way you are teaching no one else can teach......
I am greatful sir ❤️❤️❤️

[@MuhammadNaveed-et1bl]

Sir I have learnt a lot by your lectures.

[@shreyanaik1166]

Thank you so much for giving out knowledge for freee the way of teaching is soo amazed tht I've compliance myself to study.. This is really helpful of you

[@bhartiyadav1703]

sir thank you so much for these videos they help us a lot u r great sir🤗🙏

[@monayusra5501]

Assalm o alaikum
You r my Bestest teacher
From pakistan

[@ujjwalswami389]

Best. Can't thank you enough sir! 🔥

[@garvgupta7658]

Sir ur videos helped in costing exam as it clears concept

[@irajo4167]

Sir, the way you teach is very good and I loved it😊

[@vaishnavichinchpure5249]

Thank you so mach sir ji😎😎😎😎

[@freakishlysweet4962]

So easy to understand through the way you teach us sir

[@SavageMunde]

Sir you're literally legend, lots of love.... 💖💖💖

[@amantiwari1916]

Thank you sir...
You are A great lecturer 🙏🤝🤝

[@bhagyashreeyadav4186]

This video is really helpful and easy to understand👌👍

[@rishitgupta]

Thanks a lot!! Really helpful and simple

[@shreyapriya8755]

Thank you sir....I have learnt alot from your video lectures

[@surajitsharma173]

Thank you so much...apka video bohut acha hai...your video helped me a lot.....

[@inamkhan9809]

sir...respect from Pakistan...🇵🇰

[@siddd_7]

what a smooth explanation 👌 ❤

[@ShivaniGobhade-v9q]

S aap bhut accha pdate ho

[@sadhikanishad5438]

Mujhe aap ko tnku bolna tha thanku sir

[@rohitmallick6918]

Thank you sir you are doing a great work...

[@kusumram2295]

Thank u so much sir for cleaning my doubt

[@satyabratasamal983]

You are great sir,

[@dhirajdutta540]

Thank you so much full consept clear 😊😊

[@jyotikushwaha7328]

Great sir👍👍👍

[@harshchavan22]

Awesome sir thank you

[@lavanyaagarwalla4204]

Thank you so much sir🙏🙏

[@anupkumarsahu7]

Superb sir ❤️❤️🙏🙏🙏👍

[@nikitamurjani9027]

YOU HAVE MY HEART

[@rajushrikhande2701]

Really fruitful video

[@muhammadharunkamal7135]

Very very thank-you sir jii❤

[@bineet1991]

Closing stock of 1600 in fifo should should consist of 400×14 and 1200×12.97 and there is mistake in lifo method also. Please correct me if I am wrong

[@ankushraturi3877]

Bhai mujhe bhi same lag rha hai... Sir ne shayad aage peeche krdi hain

[@Chocoholic_Knight]

Thank you bhAi....mujhe bhi interchange lag rha tha lifo fifo....ab lag rha ki dahi soch rha tha mai

[@vishalmakhijani2198]

Bhaiyon dhyaan se dekho video. Sahi to hai.

[@CAKAJAL_5056]

Sahi h bhai

[@unknownvideosyt]

800×12.97 = 10376 hoga

[@vijaygupta-cn9cz]

dhanyavad

[@riyashaw6285]

Thank u so much sir

[@suhitadas9659]

Great...❤❤

[@Gsunil.555]

Thank you ❤️❤️

[@The_i_sharma03]

Thank you sir

[@shikshamanwal9772]

Tqsm sir... 💙

[@tarunberywal3683]

Sir we're getting different values from these of 3 methods, so which one we'll take in our questions? One more thing, how could we differentiate among these method acc to approach aspects? Please reply sir

[@immanish2131]

Question mein mention kar diya jayega ... you have to find out from that method.

[@crazy4ushorts762]

Ur op sir

[@girishsuri2679]

Sir could you please make a video on GST adjustment preparing final account with adjustment of 11 class?

[@khushijain4679]

Sir ,really good explaination ,but ik doubt hai...ye loss on sale of part of plant pure question me kahi bhi nhi aayega kya??

[@RohitMishra-ye5vv]

Hm nahi aayega bcz ye production expense nahi hai

[@ramjipathak4481]

Sir🙏Can you make a vedio on lifo ledger account

[@aasthasingh9217]

Sir please upload videos related to tally

[@surajsaroj9457]

❤

[@manjurahmad3426]

Sir can you make a video o. fund flow statement

[@freakishlysweet4962]

I will take ur subscription at time of ipcc

[@HarpreetKaur-ik8ku]

Sir if doesn't provide any quantity with work in progress then how to calculate the closing stock of W.I.P. ??????

[@keichimaebara918]

Amazing one

[@kabirali2878]

Sir,
I study on mobile.your writing is very small.
I find it very difficult to read it.
Would you increase writing size.
KABIR_ALI
Faisal abad
Pakistan.

[@kartikahluwalia4795]

bhai vo chota thodi likhenge ab apke liye haaha

[@sonia1563]

sir M preparing for pgt commerce screening exam... plz upload vedio related ...

[@ashiqur.rahman.1999]

sir loss on sale and income tax kew add nehi kiya?

[@MuhammadNaveed-et1bl]

First comment....

[@gauravvvvv]

👌👌👌👌👌👌

[@ryannajam8757]

Can you make a video on accrual and prepayments

[@guriyasingh5469]

Sir plzzz tax ke bhi practical ka bhi class dijye Na it's request

[@gajananshrinewar7973]

Sir kab komsa method use kare ye kaise pata chalega aur sub method me ans. Alag hai

[@samirkumarbiswal2921]

Sir,can u make a video on piecemeal distribution of cash ??

[@manoj3narayanrayamajhi602]

TQ Guruji but I have one doubt guru while if we do through LIfo method we said we will just replace value but due it calculation can be wrong is not sosir

[@gourabmondal7692]

If raw material gets stolen, what should we do? Add or Less?

[@deepikajaiswar8324]

Sir u have not added the value of loss on sale of a part of plant and income tax paid

[@faizanulhaq6972]

Sir Sorry correct me If i am wrong but I have question. In the current year Factory has produced only 1200 units and closing stocks are 1600 units . So if we apply lifo method for 1200 we will take 12.97 rate but for remaining 400 we will take 14 per unit cost.. if I m wrong please correct me.

[@khushijain4679]

There were 12000 units produced at rate 12.97 and there was a opening stock of 800 units at rate 14 per unit

[@RohitMishra-ye5vv]

@@khushijain4679 but closing stock bhi to 1600 hai then 800 opening and 800 is closing??

[@khushijain4679]

Yes.. u r right

[@RohitMishra-ye5vv]

@@khushijain4679 btw aapko is unit ke sabhi concept clear hai??

[@muhammadnazir2187]

sir first year balance sheet ko 2nd year trial balance ma kaisa show karta hai.....

[@mehraritika18]

Sir plz depreciation 😔

[@KamalJKeena]

fall(decrease) in value of machines during production over time.

[@sohailmohammed3324]

Can you make a video on overheads and contract costing

[@gauravvvvv]

ua-cam.com/video/5gUW0rklJcQ/v-deo.html

[@gauravvvvv]

ua-cam.com/video/Dk63lDcbeU0/v-deo.html

[@besmart2817]

Sir discount on sale aata hai...cost sheet m ....sir btana.....j nhi aata h

[@divaker3786]

Which book are you using sir?

[@prateekmehta8663]

Sir when closing stock is not give in cost sheet then how we can find

[@ChiragRathor-09]

💗💗💯💯💯

[@tusharpatki6158]

Can anyone please tell which book we are using now.

[@simranpal4349]

Sir quantity kaise nikale

[@AnupamKhatiwara-b1d]

Discount on sale is excluded from cost sheet

[@anujjha3938]

Sir in this when use FIFO metod for 1600 units in that 400 units were old @14 but you only took new rate for all 1600 units left @12.97 , why sir?

[@zaid0999]

Nhii... Ius na donu liyaa

[@RohitMishra-ye5vv]

No in fifo method total 1600 units available and in the 1600 , 800 is closing and 800 is opening, so sir takes in 800 units @14 and remaining 800 units @12.97......

[@sakshishinde4595]

Sir Accounting of NGO...
can u??

[@motivationbysaksham]

Sir agar question mai closing stock na ho to kya kare

[@ravishukla7914]

2020 board

[@vinaybhalla3139]

Abnormal waste minus hoga ya nhi

[@anamikadwivedi1438]

Sir laikin 3 method se different value aa rahi

[@naushabatalat1332]

16:36 sir ye samajh nhi aa ya same kyun krenge

[@motivationbysaksham]

Closing stock raw materials

[@tarungautam6560]

Koi help kr skta h sir ke notes se related

[@inderjeetnarula1881]

Excuse me sir 16000 kese aaya?

[@JayPrakash-kb3nh]

Teeno method k ans alg alg aa rhe hai aise m kaise pta chlega ki in konsa method lgega 😥🤔

[@harshitgoswami27]

🙏🏻💐🙇🏻🚩🇮🇳✨✨

[@indiangamerz3788]

Sir kin cheezon ko humei nahi likhna hai cost sheet mei woh boldo aap bas

[@bushraartist80]

Hey sir can you please make a video on management accounting b. Com hon 3 year.?😇

[@mingled6101]

Are yaar kitna nuisanse ho rahe he awaz me

[@saddhjag6538]

Sir apnai CA Kia hai job ko join kyo nhi kiyA plz reply

[@_mr.kaimee_786_]

Sir you say wrongly opening stock old but it will new stock

[@earnmoney7651]

No bur u are wrong

[@merykumarichatla2412]

Sir miru Baga chepputhunnaru but English cheppandi sir

[@akashverma9854]

bhot confusd kar diya sir
not clear

[@radheshyamray8217]

Calculation galat ha

[@Wellness_warriors_110]

Q-10: Prepare the cost sheet to show the total cost of production and cost per unit of goods manufactured by a company for the month of March 2011. Also find out the cost of sales.
farticulars.
Particulars
Stock of raw materials 01.04.2010
Rs.
Stock of raw materials 31.03.2011
12,000
18,000
Raw materials purchased
1,12,000
28,000
Manufacturing wages
6,000
Depreciation on plant
1,200
Loss on sale of a part of plant
12,000
Factory rent and rates
2,000
1,600
Office rent
General expenses
Discount on sales
1,200
Advertisement expenses
2,400
Income-tax paid
8,000
The number of units produced during 2010-2011 was 12,000.
The stock of finished goods was 800 and 1,600 units on 01.04.2010 and 31.03.2011 respectively. The total cost of units on hand on 01.04.2010 was Rs.11,200. All
these had been sold during the month.
[Prime Cost: Rs.1,34,000; Factory Cost: Rs. 1,52,000; Cost of Production: Rs.1,55,600; Closing Stock: Rs.20,752; Cost of Goods Sold: Rs.1,46,048; Cost of Sales: Rs.1,49,648

[@ManuSrivastava_]

Thank you so much sir.❤❤

[@himabindusingamshetty6078]

Thank you sir 😊

[@intro_7971]

Super sir 👌

[@Omfitness1984]

Thank you sir