How to Account for SPOILED GOODS? | Cost Accounting 101

𝙎𝙪𝙗𝙨𝙘𝙧𝙞𝙗𝙚 𝙩𝙤 𝙏𝙝𝙚 𝘿𝙤𝙪𝙗𝙡𝙚 𝙍𝙪𝙡𝙚: https://tinyurl.com/y8sbyfzf Tataas ba or bababa ang cost of completed units kapag nagka-spoilage? Master accounting for spoiled goods by knowing the two basic treatments, pro-forma journal entries and effect on unit cost. This video is a part of our upcoming Cost Accounting Series so stay tuned! Timestamps: 00:00 - What are Spoiled goods? 01:52 - Treatment of Spoilage Loss 03:05 - 1st difference in treatment 04:12 - 2nd difference in journal entry 06:08 - Effect on unit cost 07:45 - Sample Problem 10:05 - Journal entry to charge original cost 13:14 - Journal entry to take up spoiled goods 19:34 - Journal entry for completed units 24:01 - Unit cost of Completed units 28:15 - Alternative computation for unit cost Leave a like, comment and hit the bell to stay updated! Video available in HD. = = = = = = = = = = = = = = = Thank YOU to our 300 followers and counting ... 𝙁𝙤𝙡𝙡𝙤𝙬 𝙪𝙨 𝙤𝙣 𝙁𝙖𝙘𝙚𝙗𝙤𝙤𝙠:   / thedoublerule   = = = = = = = = = = = = = = = ▼ 𝗥𝗲𝗹𝗮𝘁𝗲𝗱 𝗖𝗼𝘀𝘁 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 𝗩𝗶𝗱𝗲𝗼𝘀: Economic Order Qty:    • How to Compute Economic Order Quantity | C...   ▼ 𝗧𝗿𝘆 𝘁𝗵𝗶𝘀: Financial Ratios:    • Financial Ratios | Management Accounting QUIZ   OPM Emoji Quiz:    • Guess the OPM | Pinoy Hits EMOJI QUIZ!   Math Fast Mental Test:    • FAST MENTAL MATH Challenge to Test Your Br...   ▼ 𝗜𝗯𝗮 𝗽𝗮𝗻𝗴 𝗤𝗨𝗜𝗭𝗭𝗘𝗦: Law on Contracts:    • 20 Questions on Contracts | Easy Quiz!!   Law on Obligations:    • Law on Obligations | EASY QUIZ 💯👌😍   Law on Negotiables:    • Negotiable Instruments | FAST QUIZ 💰   Cooperative Law:    • Philippine Cooperative Code | EASY QUIZ!   Passive Income Tax Rates:    • WHAT'S the TAX RATE? | Passive Income Taxa...   De Minimis Benefits:    • De Minimis or Not De Minimis? | FAST QUIZ!   ▼ 𝗔𝗻 𝗮𝗽𝗽𝗹𝗲 𝗮 𝗱𝗮𝘆 ... Deposit Insurance Law:    • HOW MUCH can he RECOVER? | PDIC Law - Acco...   Property Dividends:    • ACCOUNTING: Property Dividends Payable 😅   Wasting Assets (p1):    • ACCOUNTING: Wasting Assets (Part1) 🌍   Wasting Assets (p2):    • ACCOUNTING: Wasting Assets (Part2) 🌍   Finance Lease:    • Accounting for Finance Lease (PAS 17)   Intangibles (Part1):    • ACCOUNTING: Intangible Asset 😱   Intangibles (Part2):    • ACCOUNTING: Intangibles (Part 2)