2006-12-09 05:24:21 · 2 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Beginning inventory + purchases = Cost available for sale
Then take Cost available for sale - Cost of goods sold during the period = ending inventory.
2006-12-09 05:27:32 · answer #1 · answered by AK 5 · 4⤊ 3⤋
Ending Inventory
2016-12-12 15:40:49 · answer #2 · answered by ? 4 · 0⤊ 0⤋
How To Calculate Ending Inventory
2016-10-06 22:59:16 · answer #3 · answered by graybill 4 · 0⤊ 0⤋
This Site Might Help You.
RE:
how do we calculate the ending inventory in accounting?
2015-08-18 00:45:08 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Danny Steele owns a small specialty store, named Steele's Storeroom, whose year-end is June 30. A physical inventory taken on June 30 reveals the following:
Determine the total amount that should be included in Steele's Storeroom's year-end inventory.
2014-10-26 02:57:20 · answer #5 · answered by Martha 1 · 2⤊ 0⤋
Both answers above are correct. One answer answers for an estimated inventory (without count), and the second answers for a physical count.
2014-03-30 02:32:20 · answer #6 · answered by Cam 1 · 1⤊ 0⤋
You have to take a physical inventory. The value depends upon how you are doing your accounting -- First-in First-out, Last-in First-out, weighted average or actual item cost.
2006-12-09 05:34:13 · answer #7 · answered by Bostonian In MO 7 · 0⤊ 3⤋