inventory costs - New Videos

Types of Cost in Inventory- Inventory Tutorial 2Types of Cost in Inventory- Inventory Tutorial 2
00:03:47November 12, 2016, 11:21 pm
Types of Cost in Inventory- Inventory Tutorial 2

Channel: Ujjwal Kumar Sen & Total View: 11167


Add Date: November 12, 2016, 11:21 pm & Duration: 00:03:47


Likes: 55 | Dislike: 16


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Types of Cost, Inventory Tutorial

Types of Cost in Inventory- Inventory Tutorial 2

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Inventory Costs: Holding Costs & Lost SalesInventory Costs: Holding Costs & Lost Sales
00:06:39May 3, 2012, 2:23 am
Inventory Costs: Holding Costs & Lost Sales

Channel: Ian Johnson & Total View: 18475


Add Date: May 3, 2012, 2:23 am & Duration: 00:06:39


Likes: 72 | Dislike: 1


Tags:

inventory costs, holding costs, carrying costs, financing inventory, lost sales cost of inventory, drive, your, success

http://www.driveyoursuccess.com The following video explains the two main cost drivers of inventory; high carrying costs & lost sales cost of inventory

EOQ & Inventory CostsEOQ & Inventory Costs
00:09:21September 6, 2013, 10:06 am
EOQ & Inventory Costs

Channel: U Dallas Comps & Total View: 15675


Add Date: September 6, 2013, 10:06 am & Duration: 00:09:21


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EOQ & Inventory Costs

Inventory Management Basics - Inventory Costs (Part 1 of 2)

Channel: Manik Sood & Total View: 4924


Add Date: December 15, 2013, 3:13 am & Duration: 00:06:31


Likes: 27 | Dislike: 3


Tags:

inventory, Cost of Capital, Muda, Lean Manufacturing, Management Consulting (Industry), Business, stock, Manufacturing (Industry)

Inventory carrying costs / Inventory holding costs discussed in detail which are Opportunity cost, Cost of Capital, Storage & handling cost, Deterioration or spoilage cost, Obsolesce Cost, Pilferage Cost, Insurance Cost.

Inventory costs and valuationInventory costs and valuation
00:02:28October 19, 2017, 10:37 pm
Inventory costs and valuation

Channel: TradeGecko & Total View: 210


Add Date: October 19, 2017, 10:37 pm & Duration: 00:02:28


Likes: 3 | Dislike: 1


Tags:

inventory management, tradegecko, order management, inventory costs, ecommerce, valuation method, business profit

There are various types of inventory costs. A few include ordering costs, holding costs and shortage costs. Once you understand where each of these costs are applicable to your business, the next step is to determine the best way to value your inventory. A valuation method is used to determine your business's profit. You could use the First In First-Out costing method, the Average Cost method or the Last In First Out method.

So how do you decide which costing method is best suited to your business model? How do you ensure that you are accounting for all inventory costs?

Our Gecko Anika, takes us through three different inventory costs and four valuation methods in the third video in our Inventory Management video series.

Our 'Getting Started with Inventory Management' eBook answers all the questions you've had on managing inventory.

Click here to download now:
https://www.tradegecko.com/ebooks/inventory-management-getting-started

Accounting - Inventory and Cost of Goods Sold - Part 1 of 2 - Severson

Channel: Christopher Severson & Total View: 88042


Add Date: March 3, 2013, 9:19 am & Duration: 00:25:42


Likes: 389 | Dislike: 10


Tags:

lifo, fifo, weighted average, free, accounting, tutorial, severson, video, inventory, cost of goods sold, cost of sales, perpetual, periodic, gaap, specific identification, lcm, lower of cost or market, financial statements, financial, learn, guide, college, course, class

Tutorial on accounting for inventory and cost of goods sold.

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How to Calculate Inventory Carrying CostsHow to Calculate Inventory Carrying Costs
00:01:11September 30, 2016, 8:29 am
How to Calculate Inventory Carrying Costs

Channel: Falcon Fastening Solutions, Inc. & Total View: 8168


Add Date: September 30, 2016, 8:29 am & Duration: 00:01:11


Likes: 19 | Dislike: 1


Tags:

inventory carrying cost, VMI, vendor managed inventory

Carrying inventory can tie up valuable capital. Find out how to determine your true inventory carrying cost. Contact Falcon for help calculating your inventory carrying cost today.

Total inventory costTotal inventory cost
00:12:17September 29, 2016, 6:18 am
Total inventory cost

Channel: Nirajan Chaurasiya & Total View: 2840


Add Date: September 29, 2016, 6:18 am & Duration: 00:12:17


Likes: 19 | Dislike: 7


Tags:

Total inventory cost, How to calculate total inventry cost., How TIC calculated, Economic order quantity, How EOQ calculated?, What is total inventry cost?, What is TIC?

How TIC is calculated.

Calculating EOQ - Economic Order Quantity (Inventory Costs & Purchasing Costs)

Channel: Ian Johnson & Total View: 111901


Add Date: October 6, 2013, 6:54 pm & Duration: 00:09:17


Likes: 381 | Dislike: 16


Tags:

economic order quantity, EOQ, inventory costs, purchasing, purchasing costs, calculating EOQ, Wilson EOQ formula, EOQ formula, costs of inventory, costs of purchasing

http://www.driveyoursuccess.com

This video explains how to calculate economic order quantity using the time-tested Wilson EOQ formula.

The video provides a step-by-step process to defining the economic order quantity for any company. It takes into consideration the company's annual or yearly consumption, the price it pays for each unit it purchases for its inventory, the cost to make that purchase and finally, the company's costs to hold inventory on a monthly basis.

Determining the annual or yearly consumption is fairly straightforward. Simply take a total of all the inventory of a given part used in a year. Next, take the amount your company pays for that part or raw material.

Determining your company's costs to purchase doesn't merely involve totaling your total volume multiplied by price. Instead, it's more about defining what it costs your company to make a purchase. How much does it cost your company to purchase from a vendor?

Your costs to purchase include time spent to approve and sign purchase requisitions. It also includes the time spent placing that order and sending it to your vendor. Next, the costs of inspecting the order are accounted for and finally, the costs of paying your vendor.

The Wilson EOQ...

AMB303: Inventory Carrying CostsAMB303: Inventory Carrying Costs
00:06:44October 21, 2016, 5:10 am
AMB303: Inventory Carrying Costs

Channel: Ash F & Total View: 252


Add Date: October 21, 2016, 5:10 am & Duration: 00:06:44


Likes: 0 | Dislike: 0


Assignment 1

Lower of Cost or Market Rule for Valuing Inventory

Channel: Edspira & Total View: 40494


Add Date: July 26, 2015, 6:00 pm & Duration: 00:06:15


Likes: 270 | Dislike: 4


Tags:

lower of cost or market, inventory, financial accounting, accounting, finance, writedown

This video shows how to apply the lower-of-cost-or-market rule to value inventory. A comprehensive example is presented to illustrate how the original cost of the inventory is compared to its "market" value (the middle value of replacement cost, net realizable value, and net realizable value minus the normal profit) to determine whether an inventory writedown is necessary. The video then demonstrates how to record the appropriate writedown with a journal entry.

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Costs Associated with InventoryCosts Associated with Inventory
00:04:13August 14, 2015, 8:07 am
Costs Associated with Inventory

Channel: Rutgers Accounting Web & Total View: 719


Add Date: August 14, 2015, 8:07 am & Duration: 00:04:13


Likes: 5 | Dislike: 0


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Inventory Control - 1 EOQ etc FormulaeInventory Control - 1 EOQ etc Formulae
00:10:54May 13, 2016, 5:09 am
Inventory Control - 1 EOQ etc Formulae

Channel: Prashant Puaar & Total View: 97797


Add Date: May 13, 2016, 5:09 am & Duration: 00:10:54


Likes: 462 | Dislike: 42


Tags:

Operations Research, Inventory Control, EOQ, Economic Order Quantity, Optimal Order Quantity, Optimal Order Cycle Time, Optimal Number of Orders, MBA, MCA, CWA, CPA, CFA, CMA, BBA, BCom, MCom, CAIIB, FIII

#Operations #Research #Math #Statistics #Inventory #Control #EOQ #Ordering #FreeStudy #Optimal #Solution

Inventory Control Models - Basics
Deterministic Models
Single-item static (EOQ) model
Model I(a): EOQ Model with Constant Rate of Demand
This is the best known and most fundamental inventory model, which is applicable when the demand for an item has constant or nearly constant, rate and when the entire quantity ordered arrives in inventory at one point in time (instantaneous replenishment). It assumes no shortage in this inventory model.
Different reference books may use different notations for the inventory cost parameters. We will use the following:
D = demand rate for an item (quantity/unit time)
Q* = the order quantity = maximum inventory level
C0 = the ordering cost every time an order is placed
Ch = the holding cost per item per unit time
C = the cost of inventory per unit
TVC* = the total variable cost
TC = the total cost per unit time

List of Important Formulae:

1. The optimal/economic order quantity
= EOQ = Q* = √2D C0 / Ch

2. The optimal order cycle time or the gap between two consecutive orders is: t0* = Q*/D

3. Optimal number of...

Average Cost Inventory MethodAverage Cost Inventory Method
00:04:11August 31, 2014, 3:28 pm
Average Cost Inventory Method

Channel: Edspira & Total View: 135314


Add Date: August 31, 2014, 3:28 pm & Duration: 00:04:11


Likes: 760 | Dislike: 18


Tags:

Average cost, average cost method inventory, inventory, financial accounting, FIFO, LIFO, cost flow assumption, how to calculate inventory, finance, accounting

This video explains how to use the average cost method to calculate cost of goods sold and ending inventory. An example is presented to illustrate how the average cost method is used to compute COGS and inventory.

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Inventory Assumptions (FIFO, LIFO, AVERAGE METHOD)Inventory Assumptions (FIFO, LIFO, AVERAGE METHOD)
00:04:53October 12, 2013, 5:56 pm
Inventory Assumptions (FIFO, LIFO, AVERAGE METHOD)

Channel: Stefan Ignatovski & Total View: 124553


Add Date: October 12, 2013, 5:56 pm & Duration: 00:04:53


Likes: 994 | Dislike: 45


Tags:

Accounting, fifo, lifo, inventory, assumptions, inventory assumptions, inventories, weighted average method, Ending inventory, cost of goods sold, cogs

ENTIRE Course FREE @ https://www.accountingsky.com/p/accounting_in_1_hour

Accounting inventory assumptions. Explained are Specific Identification, FIFO, LIFO and Average Cost Method.

6.1 Inventory and Cost of Goods Sold6.1 Inventory and Cost of Goods Sold
00:04:44October 10, 2013, 9:03 am
6.1 Inventory and Cost of Goods Sold

Channel: Dee Amaradasa & Total View: 19926


Add Date: October 10, 2013, 9:03 am & Duration: 00:04:44


Likes: 91 | Dislike: 6


Tags:

Screencast-O-Matic.com, Cost of Goods Sold

Inventory and Cost of Goods Sold

FIFO Inventory MethodFIFO Inventory Method
00:08:05August 31, 2014, 3:27 pm
FIFO Inventory Method

Channel: Edspira & Total View: 313216


Add Date: August 31, 2014, 3:27 pm & Duration: 00:08:05


Likes: 1794 | Dislike: 61


Tags:

FIFO, inventory, cost flow assumption, financial accounting, accounting, finance

This video explains how to compute cost of goods sold and ending inventory using the FIFO (first in, first out) inventory cost assumption. An example is provided to illustrate how FIFO is used to calculate COGS and inventory.

Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com

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Inventory Cost FlowInventory Cost Flow
00:06:56December 11, 2015, 5:01 pm
Inventory Cost Flow

Channel: mattfisher64 & Total View: 3770


Add Date: December 11, 2015, 5:01 pm & Duration: 00:06:56


Likes: 25 | Dislike: 1


Tags:

Raw materials, direct materials, work in progress, work in process, wip, finished goods, cost of goods sold, cost of goods manufactured, managerial accounting, inventory costs, inventory flow, inventory

This video explains the flow of inventory from Raw Materials to WIP to Finished Goods to Cost of Goods Sold. It also explains Cost of Goods Manufactured.

How to account for inventory cost & cost of goods sold. Ebay & Amazon

Channel: RockstarFlipper & Total View: 12754


Add Date: November 7, 2016, 9:52 pm & Duration: 00:21:30


Likes: 398 | Dislike: 25


Tags:

ebay, Advertising, Marketing, picker, thrift, reseller, amazon, profit, thrifter, thrifting, business, small business, powerseller, what sells on eBay, what sells on amazon, amazon fba, rockstarflipper, accounting, marketing, entrepreneur, money, make money, cash, work at home, work from home, business owner, profits, the profit, theprofit

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How to account for inventory and costs of goods sold when selling on eBay & amazon.

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Inventory Management Basics - Inventory Costs (Part 2 of 2)

Channel: Manik Sood & Total View: 1630


Add Date: December 15, 2013, 11:10 am & Duration: 00:06:04


Likes: 14 | Dislike: 1


Tags:

Inventory, Inventory Management, MUDA, Stock, Lean Manufacturing, Business, Management Consulting (Industry), Manufacturing (Industry)

Inventory ordering cost and Stock-out costs described in detail.

Costs of Stock Outs & Material Shortages: Low Inventory is Expensive

Channel: Ian Johnson & Total View: 1880


Add Date: May 14, 2012, 1:46 am & Duration: 00:05:47


Likes: 6 | Dislike: 0


Tags:

low inventory counts, costs of low inventory, low inventory levels, Accountancy (Field Of Study), Inventory, Cost (Quotation Subject), Stockout, Supply Chain Management (Literature Subject), Business

http://www.driveyoursuccess.com The following video explains the hidden costs of low inventory counts

Minimizing Inventory CostsMinimizing Inventory Costs
00:20:25November 5, 2013, 6:16 am
Minimizing Inventory Costs

Channel: Joanna Jauchen & Total View: 3038


Add Date: November 5, 2013, 6:16 am & Duration: 00:20:25


Likes: 7 | Dislike: 2


Tags:

math 108, inventory, cost, minimize

An introduction to a model for inventory costs and an example

Buying Wholesale PALLETS of Inventory: Cost, Pros, Cons & MORE

Channel: Worlds Sexiest Wholesale.com & Total View: 3169


Add Date: February 20, 2017, 2:18 pm & Duration: 00:19:30


Likes: 60 | Dislike: 8


Tags:

how to buy pallets, where to buy pallets, buying wholesale pallets for beginners, wholesale pallets for sale, buy pallets of inventory online, companies that sell wholesale pallets, how does buying pallets work, wholesale pallets online, buy pallets of clothing, buy pallets of makeup, buy pallets of toys, buy pallets of jeans, buy pallets of kids clothes, buy health and beauty pallets, buy HBA pallets, buy victorias secrets pallets, pallets of skin care

This video APPLIES TO RESIDENTIAL (Home / House) Delivery. Topics we cover:
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How to Account for Inventory Costs. Online Ebay & Amazon Reselling Tips & Tricks

Channel: RockstarFlipper & Total View: 10314


Add Date: September 23, 2016, 10:59 am & Duration: 00:14:17


Likes: 305 | Dislike: 9


Tags:

ebay, Advertising, Marketing, picker, thrift, reseller, amazon, profit, thrifter, thrifting, business, small business, powerseller, what sells on eBay, what sells on amazon, amazon fba, rockstarflipper, make money, money, cash, work at home, work from home, profits, theprofit, entrepreneur

How to keep track of your Inventory and costs of goods sold when using eBay and amazon.

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Inventory and Carrying CostsInventory and Carrying Costs
00:04:13March 28, 2011, 10:57 am
Inventory and Carrying Costs

Channel: MrWmstrider & Total View: 11809


Add Date: March 28, 2011, 10:57 am & Duration: 00:04:13


Likes: 21 | Dislike: 5


Tags:

Inventory, and, Carrying, Costs

Components of Inventory Holding CostComponents of Inventory Holding Cost
00:07:20February 7, 2018, 9:08 am
Components of Inventory Holding Cost

Channel: Ismail Capar & Total View: 445


Add Date: February 7, 2018, 9:08 am & Duration: 00:07:20


Likes: 1 | Dislike: 0


Components of Inventory Holding Cost

Getting Control of Inventory CostsGetting Control of Inventory Costs
00:16:34July 17, 2013, 9:45 am
Getting Control of Inventory Costs

Channel: MicroCraftTKC & Total View: 111


Add Date: July 17, 2013, 9:45 am & Duration: 00:16:34


Likes: 1 | Dislike: 0


Tags:

Inventory

Getting Control of Inventory Costs

Inventory Total Cost Equation (Video 23)Inventory Total Cost Equation (Video 23)
00:05:10September 27, 2014, 4:36 pm
Inventory Total Cost Equation (Video 23)

Channel: Prof. Bussom - Widener University & Total View: 8775


Add Date: September 27, 2014, 4:36 pm & Duration: 00:05:10


Likes: 22 | Dislike: 0


Tags:

Operations Management (Field Of Study), Widener University (College/University), Inventory Management Software (Software Genre)

The development of the annual total cost equation for inventory.

Inventory Cost Flow Assumptions FIFO, LIFO and Wtd Avg

Channel: Bruce Marshall & Total View: 12653


Add Date: October 11, 2013, 7:23 pm & Duration: 00:36:18


Likes: 56 | Dislike: 1


This explanatory video discusses the different cost flow assumptions in valuing ending inventory, and thus, the cost of goods sold for the period. Discusses the theory presented in chapter 7 of the text for ACC250 - California Baptist University.

Calculate Warrehouse Inventory Carrying Costs Per Square Foot

Channel: Ian Johnson & Total View: 10912


Add Date: April 6, 2013, 4:13 am & Duration: 00:07:15


Likes: 49 | Dislike: 0


Tags:

inventory carrying costs, carrying charges, warehouse costs

http://www.driveyoursuccess.com This video explains how to determine a company's specific inventory carrying costs and how to turn that value into a cost per square foot within your warehouse
Additional Sources: http://www.driveyoursuccess.com/2011/04/sample-excel-sheet-calculating-inventory-holding-costs.html Sample Excel Sheet Calculating Inventory Holding Costs

How to calculate Ending inventory and Cost of goods sold by using WA, FIFO & LIFO method in excel

Channel: Samir Raza & Total View: 10285


Add Date: January 13, 2017, 11:12 am & Duration: 00:19:26


Likes: 24 | Dislike: 11


Tags:

How, calculate, Ending inventory, COGS, Cost of goods sold, FIFO, LIFO, Periodic Inventory System, Samir, excel spread sheet

Inventory Management by Periodic Inventory System

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