Ending Inventory Calculator
Parameter | Description | Example Value |
---|---|---|
Beginning Inventory | The value of inventory at the beginning of the accounting period. | $10,000 |
Purchases | The total value of inventory purchased during the accounting period. | $5,000 |
Cost of Goods Sold (COGS) | The total cost of goods sold during the accounting period. | $8,000 |
Ending Inventory | The value of inventory at the end of the accounting period (Beginning Inventory + Purchases – COGS). | $7,000 |