Inventories - Basics of Determining Inventory and Cost of Goods sold

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  • Опубліковано 17 січ 2025

КОМЕНТАРІ • 53

  • @masterlol5926
    @masterlol5926 3 роки тому +8

    Hello po Sir, question po. How to solve for the Beginning Inventory or Ending Inventory kapag hindi siya sa list or missing siya? Provided that the Total cost, returns, discounts, and others are available?

  • @Baxton_USA
    @Baxton_USA Рік тому +1

    Firrrrmmmm. At dahil doon nagsubscribed ako

  • @FilipinoAccountingTutorial
    @FilipinoAccountingTutorial  3 роки тому +3

    Hello aspiring CPAs. Looking for cost of sales tutorial? Pagkatapos mo sa video na ito, please consider watching this video. May tutorial rin kami jan how to compute cost of sales.
    Merchandising Business - Income Statement
    ua-cam.com/video/5r0yp2IydCA/v-deo.html

  • @maryantoneth6714
    @maryantoneth6714 4 роки тому

    Meron na po palang invetories and cogs hehehehehhe ty

  • @anunknowncommenter7013
    @anunknowncommenter7013 3 роки тому

    Hello sir. Thank you for ur help and I'm waiting for your next vedio about the retail inventory method. Love lots. ❤️

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  3 роки тому +1

      You're welcome, Gorgeous. Thank you for the request. We will make retail inventory method soon ❤️

  • @agnesudani6482
    @agnesudani6482 5 років тому +5

    pwede po hingi ng copy?

  • @detorresjobela398
    @detorresjobela398 4 роки тому

    Thank you for this Sir!

  • @ZAUN513
    @ZAUN513 Місяць тому

    How to determine po the ending inventory or COGS if neither don't data given po.

  • @sirjhemvlog2416
    @sirjhemvlog2416 5 років тому +1

    God bless u sir

  • @kimhyoyeon3106
    @kimhyoyeon3106 3 роки тому

    Hello po is freight in & freight out both part of distribution costs?

  • @jeanrey1785
    @jeanrey1785 4 роки тому

    Hi sir me again, question po ulet, if your able to sell your product, is cost of sale credited or debited?

  • @khimberlyndapicurtar3079
    @khimberlyndapicurtar3079 3 роки тому

    Hello po. Tanong ko po sana kapag may foc ang purchases pano po magiging entry ng focs thanks

  • @jeanrey1785
    @jeanrey1785 4 роки тому

    hi sir what if po a company purchased goods for sale? does it consider as inventory or a cost of sale?

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  4 роки тому +1

      Hi Jean!
      Company purchased goods for sale:
      Upon receipt (or depending on freight terms)- Inventory
      Upon sale of inventory- cost of sales.
      Hope it helps.

    • @jeanrey1785
      @jeanrey1785 4 роки тому

      @@FilipinoAccountingTutorial hi sir it really helps I understand very well. thank you very much po.

  • @aliciaocampo4822
    @aliciaocampo4822 3 роки тому

    Sir possible po bang negative ang ending inventory, then negative ang COGS? Thank you po

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  3 роки тому +1

      Hello Alicia, unusual sa accounting ang negative ang COGS and negative inventory. Maaaring may mali jan. Hope it helps.

    • @aliciaocampo4822
      @aliciaocampo4822 3 роки тому

      @@FilipinoAccountingTutorial thank u po!

  • @agnesudani6482
    @agnesudani6482 5 років тому +1

    meron po ba kayong soft copies ng mga notes nyo?

  • @bubbysvlog2579
    @bubbysvlog2579 4 роки тому

    Sir may video ba kayo pano ipost sa ledger ang merchandising inventory (periodic system) ?

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  4 роки тому +1

      Hello Bubby. Wala kami video na posting ng merchandise inventory. Pero kung maalam ka na sa journal entries, maalam ka na din sa ledger.
      We have videos here perpetual vs periodic, journalizing sales and purchase transactions
      Hope it helps.

    • @bubbysvlog2579
      @bubbysvlog2579 4 роки тому

      @@FilipinoAccountingTutorial thanknyou po ❤

  • @samsarmie
    @samsarmie 3 роки тому

    hi sir, kapag po ba given ang accounts for sales and expenses (i.e utilities, rent) no need na po isama sa pagcompute ng COGS?

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  3 роки тому +1

      Hello Samantha, depende.
      If the business is merchandising, hindi na sinasama yan sa computation ng COGS. COGS in merchandising is equal to TGAS less ending inventory. Just use yung formula na yun.
      If the business is manufacturing, maaring may maisama na accounts jan for COGS computation. yung manufacturing related costs like utilities expense, repairs expense, factory supplies expense can be part of COGS for manufacturing.
      Hope it helps

    • @samsarmie
      @samsarmie 3 роки тому

      @@FilipinoAccountingTutorial thank you sir!

  • @bubbysvlog2579
    @bubbysvlog2579 4 роки тому

    Hello po paano po malalaman kung normal or abnormal yung mga iinclude sa inventory if hindi po sinabi sa problem kung normal ba siya or abnormal. Sana manotice thank you po

  • @ahljamesbayot444
    @ahljamesbayot444 4 роки тому

    Sir kaya niyo pro forma from finance?

  • @nicolevillasanta4062
    @nicolevillasanta4062 2 роки тому

    hello po sir possible poba na negative yung ending inventory

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  2 роки тому

      Possible na negative. But if negative ang amount, malaki ang chance na may error sa computations. Hope it helps, Nicole 🙂

  • @Goldyyy-wt3sv
    @Goldyyy-wt3sv 2 роки тому

    Fan si Sir ng Demon Slayer

  • @nayeon3682
    @nayeon3682 3 роки тому

    Sir paano po pag both purchases and beginning inventory ay missing? Thank you po.

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  3 роки тому

      Hello nayeon. Hindi kami makakapagbigay ng answer based lang dito sa comment. Depende kasi yan sa pagkakaconstruct ng problem.

    • @hannahjaneminierva7367
      @hannahjaneminierva7367 3 роки тому

      Sir pano po pag di given yung beg and end inventory?

    • @hannahjaneminierva7367
      @hannahjaneminierva7367 3 роки тому

      Sir pano po pag di given yung beg and end inventory?

  • @hersheypadrigone4111
    @hersheypadrigone4111 5 років тому

    Sir Mateos?

  • @nin8321
    @nin8321 4 роки тому

    Pwede po ba magvideoo po kayo kung panoo computin 'yung nawawalang inventoryyy

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  4 роки тому

      What do you mean nawawalang invty?

    • @nin8321
      @nin8321 4 роки тому

      I mean panoo po yung formula or pano pong statement gagawin para makita po yung value ng nawawalang inventory

  • @karenjoyberte-bueno7119
    @karenjoyberte-bueno7119 5 років тому +1

    Gawa po kayo ng video tutorials about practical/applied auditing. 🙏

  • @genesisngm
    @genesisngm 5 років тому

    Gyomei at Sanemi eh HAHAHA