Business, Legal & Accounting Glossary
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.
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.
Definitions for Beginning Inventory are sourced/syndicated and enhanced from:
This glossary post was last updated: 18th April, 2020 | 4 Views.