Moving Average Inventory Costing (Perpetual Inventory, COGS, Ending Inventory) Video

Accounting for inventory using moving average inventory cost method to determine costs of ending inventory and cost of goods sold, choose this method if it best reflects income generated, the costs which should be assigned to ending inventory and cost of goods sold depends on which costing of inventory methods is used, for a perpetual inventory system the moving average inventory method is used, for moving average cost method (perpetual inventory), use current unit cost for costing withdrawals until another purchase is made then compute a new average unit cost (compute a new average unit cost each time a purchase is made), the new average cost is calculated by determining total value of inventory (based on the unit costs for each purchase) then dividing by the total quantity available, the average costs are used to determine ending inventories and cost of goods sold, detailed accounting calculations by Allen Mursau

About the Site 🌐

This site provides links to random videos hosted at YouTube, with the emphasis on random. 🎥

Origins of the Idea 🌱

The original idea for this site stemmed from the need to benchmark the popularity of a video against the general population of YouTube videos. 🧠

Challenges Faced 🤔

Obtaining a large sample of videos was crucial for accurate ranking, but YouTube lacks a direct method to gather random video IDs.

Even searching for random strings on YouTube doesn't yield truly random results, complicating the process further. 🔍

Creating Truly Random Links 🛠️

The YouTube API offers additional functions enabling the discovery of more random videos. Through inventive techniques and a touch of space-time manipulation, we've achieved a process yielding nearly 100% random links to YouTube videos.

About YouTube 📺

YouTube, an American video-sharing website based in San Bruno, California, offers a diverse range of user-generated and corporate media content. 🌟

Content and Users 🎵

Users can upload, view, rate, share, and comment on videos, with content spanning video clips, music videos, live streams, and more.

While most content is uploaded by individuals, media corporations like CBS and the BBC also contribute. Unregistered users can watch videos, while registered users enjoy additional privileges such as uploading unlimited videos and adding comments.

Monetization and Impact 🤑

YouTube and creators earn revenue through Google AdSense, with most videos free to view. Premium channels and subscription services like YouTube Music and YouTube Premium offer ad-free streaming.

As of February 2017, over 400 hours of content were uploaded to YouTube every minute, with the site ranking as the second-most popular globally. By May 2019, this figure exceeded 500 hours per minute. 📈

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