How To Calculate Ending Finished Goods Inventory
How To Calculate Ending Finished Goods Inventory . Together, you will use this information to produce the following ending inventory formula. The net purchases portion of this formula is the cost of any new product. Ending Finished Goods Inventory Formula from unlavevaisselle.blogspot.com Once you have deduced the values for cogm and cogs, you can implement the finished goods (fg) inventory formula. In this formula, your beginning inventory is the dollar amount of product the company has at the onset of the accounting period. You finished goods inventory is calculated this way: