Finally Understand WIP, Direct Labour & COGS! The Easiest Manufacturing Cost Flow Tutorial
Автор: Accountify Lab
Загружено: 2025-12-01
Просмотров: 3
Описание:
In this video, I explain the entire manufacturing cost flow in the easiest way possible:
Raw Materials → Work in Process (WIP) → Finished Goods → Cost of Goods Sold (COGS).
You will learn:
✔ Why direct labour ALWAYS goes into WIP
✔ Why direct labour is a product cost (not an expense)
✔ How manufacturing overhead moves into inventory
✔ All journal entries for RM, WIP, FG, and COGS
✔ The complete inventory flow every accounting student must know
This video is perfect for:
• Accounting students
• CPA / CFE candidates
• Anyone struggling with management accounting
• Anyone who wants clear, simple explanations
If this helped you, please Like and Subscribe — I’ll be uploading more simple and practical accounting lessons every week.
Thanks for watching!
#accounting #managementaccounting #costaccounting
#WIP #COGS #manufacturing #inventory #CPA #CFE
#directlabour #financialaccounting #studywithme
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Информация по загрузке:
![[Cost Accounting and Control] Lecture 09 - Accounting for Manufacturing Overhead](https://image.4k-video.ru/id-video/3kOiTUBs8Mk)
![[Cost Accounting and Control] Lecture 12 - Process Costing System](https://image.4k-video.ru/id-video/pjG1yZBFazY)
![[Cost Accounting and Control] Lecture 05 - Accounting for Materials 1](https://image.4k-video.ru/id-video/AysQwiC0aAk)
