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How to calculate beginning and ending inventory?

Ending Inventory = Beginning Inventory + Inventory Purchased During the Year – Cost of Goods Sold. Ending Inventory = $30,00 + $40,000 – $20,000. Ending Inventory = $50,000. Therefore, XYZ Ltd has an inventory of $50,000 at the end of the year.

How do I calculate ending inventory and purchases?

To calculate the ending inventory, the new purchases are added to the ending inventory, minus the cost of goods sold. This provides the final value of the inventory at the end of the accounting period. The ending inventory is based on the market value or the lowest value of the goods that the business possesses. What this article covers:

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