Beginning Inventory

Business, Legal & Accounting Glossary

Definition: Beginning Inventory



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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Beginning Inventory. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 25, 2020 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: November 25, 2020).
American Psychological Association (APA):
Beginning Inventory. PayrollHeaven.com. Retrieved November 25, 2020, 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 | 4 Views.