Los Angeles Valley College Accounting Discussion

Please watch the videos below and write three to four paragraphs for each video summarizing its contents.

Video #1:

In your posts you might want to discuss production process and how we account and record Direct Labor, Direct Materials and Overhead  in Raw Materials, Work In Process, and Overhead Costs, make sure to discuss Debits and Credits in detail.  Also discuss similarities and differences between job order and process costing. Don’t forget to discuss accounting for equivalent units.

Video #2:

In your paragraphs don’t forget to discuss major concepts (including the formulas and definitions)

Videos for #3 (3-4 paragraphs summarizing both):

In your paragraphs don’t forget to discuss major concepts (including the formulas and definitions)