Use our free Beginning Inventory Calculator to quickly determine the value of goods available at the start of an accounting period. Input your Cost of Goods Sold, Ending Inventory, and Purchases to instantly calculate this crucial financial metric for better inventory management and accurate financial statements.
Formula:
The formula to calculate Beginning Inventory is:
Beginning Inventory = Cost of Goods Sold + Ending Inventory - Purchases
Where:
- Cost of Goods Sold (COGS): The direct costs attributable to the production of the goods sold by a company.
- Ending Inventory: The value of inventory remaining at the end of an accounting period.
- Purchases: The cost of additional inventory acquired during the accounting period.