FIFO (First-In-First-Out) Method - PERPETUAL Example

[@chariezwane3981]

Thank you! This was extremely helpful

[@Counttuts]

Thanks for the feedback. Glad it helped.

[@StormerPrimus]

I'm not as stupid as I thought I was... I'm crying right now, thank you so much, what an amazing channel

[@ingriddebele9814]

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[@Cherryblossom98636]

I'm just shocked at how easy and clearly you explain these concepts, thank you so much!

[@phumudzopabalarambau4681]

I've struggled almost the entire year only to find that's it's this easy, thanks a bunch😍🤗

[@thapelomachaba9492]

The last time I actually studied inventory systems was in 2009. and now I am back. this videos have really helped

[@ainaimbili]

Thank you so much. I now understand it more clearly

[@Jad3ss]

Thank you so much !! You make accounting a little bit easier.

[@nonkululekomthembu2959]

I cannot believe that FIFO is this easy after you explained it.

[@G4SBillins]

Your lessons are highly appreciated sir,you make Accounting so easy.Keep up the good work…

[@JasonKerowa]

the explanation was so clear to understand. thank you so much.

[@behberg]

I have no words to thank you. You are one of best.

[@rosaliakamati5779]

Wow 😢😢thank you so much ,you explained better than my lecturer 😍😍😘

[@atolomartha2117]

Wowww,i love the clarity and the way you move systematically,i now get the concept, thanks sir for your endless efforts,i appreciate 🙏

[@sentlenong7018]

The kind of explanation i needed
...thank you 😊 ❤️

[@Counttuts]

You are welcome Sentle.

[@julietsaleh3502]

why didnt i find these videos before... thanks alot, very helpful videos you got here

[@somilatukwana]

You made this so simple. Thank you so much 💗

[@youjustgotburned3980]

Wow,most informative and clear accounting tutorial

[@dineshkumaranraikumar3572]

U explain it very easily, now I understand this

[@tangeni_mos]

Thank you so much bro.. Accounting exams aren't for the feint-hearted

[@machubengkoketso2268]

your videos are helping and you are understandable .. thanks

[@michellembai9520]

Thank you for this .This method is the best and its very suitable.

[@sowdabintomar2659]

Thanks for the explanations, it was helpful and got the concept
Much appreciated 🙏

[@feefeemofokeng3599]

I REALLY NEED TO SUBSCIBE TWICE. WOW THANK YOU SIR.

[@ezekielyawan]

Very well presentation. Really appreciate 🙏

[@pulakutporoil569]

Thank you very much my brother for making this concept easier for me❤❤🙏

[@milcahmibey7641]

I really thank you counttutts..proud of you.keep helping us

[@Amir77710]

thank you for making easier to understand

[@EMMYCHRIS1]

Thank you. You made it simple

[@refilwe4008]

Wow thank you very much 😭❤

[@boipelotlhoaele5473]

Thank you very much💃🔥I now understand everything 😁✨

[@Counttuts]

You are welcome Boipelo. Glad that you do.

[@harrietayettey4385]

Made alot of sense. Thank u very much.

[@mandisamatoto4349]

Thank you very much you explained very well and clear❤❤❤🎉🎉🎉🎉🎉

[@Nthabi031]

sir you are the best !

[@surelyitsjadon]

This video was really helpful.

[@emanaziz1022]

Thank youuuu. The explanation was amazing.

[@nabeelahsirajo-faultyhands6151]

Oh my God, it was really helpful. Thank you so much.

[@Astridah_M]

thank you this was clear and straight forward

[@sithelwesihleM]

As an accounting student I come yearly to watch this video for test 🔥

[@blackkid6262]

If you know you know😭let us meet at the exam venue 📍😭😂

[@sithelwesihleM]

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[@Wavy0210]

Thank you. I really appreciate it.

[@hamdiosman4000]

Very helpful keep doing this kind of videos

[@isaactesoura5871]

Thank you very much....you made it seem easy !!!!!!!!!!!!!!

[@mphosephetho9397]

Very very helpful 👏

[@zanelemdluli2178]

Hi, if there was a purchase return but not replaced, how do u go about solving it.

[@bongamanzini6763]

thanks for clarity

[@francismunalula7272]

Muli akali bakamba😅🙏,no lie.you is good.

[@nkazindlov9689]

You are the best

[@sanelemwelase]

Thank u for this,it was so helpful

[@alsitone1]

Thank you very much for your video. It explains very the concept very clear. My question is what is the value of the inventory sold on the 15th?

[@prinsxx]

Super helpful!🤗

[@Sneakysnek04]

Crazy how your better at explaining it than my college professor😭

[@themidwaysessions5131]

Thanks, this was very helpful!

[@angiephiwokuhle3406]

wow this is good explaining

[@minxuan4487]

Thanks!🙏🙏🙏 Now i understand everything🤭

[@kaomalengwe8758]

Great stuff

[@joanmaripa2600]

Can i ask
How do you now calculate sales ,cost of sales using the given information

[@alexsanderrost8186]

May i ask, why when you return inventory in perpetual system in FIFO you record it in "Issued" colum, but when you return inventory in Weighted average method it is then recorded in "Receipt" colum?

[@sbohlongwa9150]

it was a mistake both go under reciept as no inventroy is issued

[@machubengkoketso2268]

the different when the goods are returned to supplier and by customer how are they recorded?

[@-MirAkibSorower-]

thank you so much sir

[@shikaarchander320]

Just subscribed 😎

[@jeremyjones8128]

So when a customer returns the inventory you must record it under the receipts and add the inventory back to to the first purchase pertaining to the transaction.

[@kholofelomaruma6402]

That was super helpful i wanted to ask if you can do a for activity based costing method or the link if it is already there

[@Counttuts]

Coming soon!

[@ellasaja9039]

Thank you very much

[@desheton2313]

Thanks man very much

[@joshlawrence5739]

thanks so much !

[@yuvareenajohn8565]

How to account freight-in cost in the fifo inventory table for perpetual inventory method

[@Counttuts]

They are capitalized as the cost of inventory unless otherwise stated. So you would basically add them to the cost of the inventory.

[@fadiahashim409]

Why did you place the purchases return in issued column here but in perpetual avco method you reduce it fron receipts

[@Counttuts]

The returns from customers were placed in receipts here as well as in AVCO for returns to supplier. Check again.

[@maureenwanjiru3864]

Awesome

[@lamia7394]

you are amazing thank youuuuuu

[@kiduaalute603]

Thank you

[@tumiigreatt]

[@buyile_beverly]

You're teeeewwwwwwww good!!

[@ThanyaniDidiba]

Easy❤

[@lindomchunu7781]

this video is helpful, but i don't understand why that 10 units of inventories( returns) is recorded on issues coz I think a business returns what is already received. why is recorded on issues while it is the business returning, not a customer ??

[@sujansingbasnet2504]

1 jan Sale @ $39.60 per unit (GST Inclusive) 24 jan Sale return (on jan 24 sale) 8 units. how you deal with it?

[@Counttuts]

Put it as a negative and deduct it in your table

[@ChabonwaSimbangu-mm9jh]

Now what about gross margin

[@FeliciaFelicia-ql7sm]

Thank you so much. This was so clear 🎉