Beginning Inventory

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Definition: Beginning Inventory

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Full Definition of Beginning Inventory

Beginning Inventory is the amount of inventory a company has in stock at the start of the current fiscal year. It is closely related with Beginning Inventory Cost, which is the amount of money spent to get these goods in stock. It should be calculated at the Lower of Cost or Market.

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https://payrollheaven.com/define/beginning-inventory/
Modern Language Association (MLA):
Beginning Inventory. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. June 15, 2021 https://payrollheaven.com/define/beginning-inventory/.
Chicago Manual of Style (CMS):
Beginning Inventory. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/beginning-inventory/ (accessed: June 15, 2021).
American Psychological Association (APA):
Beginning Inventory. PayrollHeaven.com. Retrieved June 15, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/beginning-inventory/

Definition Sources

Definitions for Beginning Inventory are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 18th April, 2020 | 5 Views.