00:01
Hello, in this video, i'll be explaining the following.
00:04
So first we're going to do the inventory for december 31st.
00:11
So the ending inventory would basically be the initial, so 200 ,000 plus the goods and transit.
00:19
So 25 ,000 minus zero, which is the goods sold.
00:25
So it would be 2 to 5 ,000.
00:31
And then the second, so the company's cost of ending inventory, so when it's 300, it's just 300 times 6.
00:42
And that's 1 ,800, 400 would be times 7, so it's 2 ,800.
00:49
And then 200 would be times 8, so it's 1 ,600.
00:55
So the total would be 300, 400, 200 added together, and that's 900.
01:03
And then we add the other end and that's 6 ,200...
