Accurately calculate your ending inventory with our free accounting tool. Input your beginning inventory, purchases, and cost of goods sold (COGS) to quickly determine the value of your remaining stock. Essential for financial reporting and inventory management.
Formula:
The formula to calculate ending inventory is:
Ending Inventory = Beginning Inventory + Purchases - Cost of Goods Sold
Where:
- Beginning Inventory: Value of inventory at the start of the period.
- Purchases: Cost of new inventory acquired during the period.
- Cost of Goods Sold (COGS): Direct cost of goods sold during the period.