Beginning Inventory

What it is:

Beginning inventory refers to the value of goods that a company has for its use or sale at the start of an inventory accounting period.

How it works/Example:

Say Company XYZ produces 5,000 units during the course of a year and sells 2,000 units. The following year, Company XYZ will have a beginning inventory of 3,000 units.

Why it matters:

Beginning inventory is an important indicator of what a company will be ordering for the upcoming year. It can also be used to project coming costs for a company to ramp up production or coming revenues for its suppliers.

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Submitted by Anonymous on Thu, 06/06/2019 - 07:22

Beginning Inventory

What it is:

How it works/Example:

Why it matters:

Related Terms