Beginning Inventory

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Definition: Beginning Inventory

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.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/beginning-inventory/
Modern Language Association (MLA):
Beginning Inventory. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
January 24, 2022 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: January 24, 2022).
American Psychological Association (APA):
Beginning Inventory. PayrollHeaven.com. Retrieved January 24, 2022
, 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.