Ending inventory is the amount of
References
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Ending Inventory — A book value of goods, inputs, or materials available for use or sale at the end of an inventory accounting period. Ending inventory is used to gauge whether companies have overestimated their need for inputs and production requirements … Investment dictionary
ending inventory — amount of inventory at the end of the current reporting accounting period … English contemporary dictionary
ending inventory — In the USA, the stock held at the end of a financial period. It appears on the profit and loss account in the calculation of cost of sales and on the balance sheet … Accounting dictionary
Inventory — means a list compiled for some formal purpose, such as the details of an estate going to probate, or the contents of a house let furnished. This remains the prime meaning in British English.[1] In the USA and Canada the term has developed from a… … Wikipedia
Inventory valuation — INVENTORIES AND FINANCIAL STATEMENTS Inventories are usually the largest current asset of a business, and proper measurement of them is necessary to assure accurate financial statements. If inventory is not properly measured, expenses and… … Wikipedia
Inventory turnover — The Inventory Turnover is an equation that equals the cost of goods sold divided by the average inventory. Average inventory equals beginning inventory plus ending inventory divided by 2. Inventory Turnover EquationThe formula for inventory… … Wikipedia
Inventory Turnover — A ratio showing how many times a company s inventory is sold and replaced over a period. the The days in the period can then be divided by the inventory turnover formula to calculate the days it takes to sell the inventory on hand or inventory… … Investment dictionary
Beginning Inventory - BI — The book value of goods, inputs, or materials available for use or sale at the beginning of an inventory accounting period. Beginning inventory is similar to ending inventory except that it is adjusted for any accounting discrepancies. BI is an… … Investment dictionary
accounting — /euh kown ting/, n. 1. the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc.… … Universalium
Average cost method — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts … Wikipedia
