Thanks for your videos prof. can you make a video about inventory errors and how they affect the income statement, balance sheet and what gets understated and overstated? I find those subjects really confusing especially in comparing them in the current acc period, next accounting period and so on. thank you!
In order to calculate using Spec Id you must know the cost of each item sold. They cannot give the number sold only. They must specifically identify which ones they sold hence the name.
Hello. I have a homework about the Specific identification method, and they gave my the number of units sold only without their cost can we perform the Specific identification in this case? and thanks for your videos really great job!!
thank you for posting these videos. they really helped me out with my homework
Thanks for your videos prof. can you make a video about inventory errors and how they affect the income statement, balance sheet and what gets understated and overstated? I find those subjects really confusing especially in comparing them in the current acc period, next accounting period and so on. thank you!
In order to calculate using Spec Id you must know the cost of each item sold. They cannot give the number sold only. They must specifically identify which ones they sold hence the name.
Hello. I have a homework about the Specific identification method, and they gave my the number of units sold only without their cost can we perform the Specific identification in this case? and thanks for your videos really great job!!
Why 5 each ?!
Why do you take 5 from each?
I find the way you recorded the inventory balance was real confusing.....it was hard to understand what was for which......good video tho.
Much appreciated!
Thank you!