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Calculating Beginning Inventory

Posted by Jerad Dowler on Mon, Jun 01, 2015

At the beginning of each accounting period, you have to determine the beginning inventory. This serves several purposes, including inventory control, determining discrepancies with expected inventory, and providing a dollar amount for the company’s inventory. It is an essential function of accounting for industries that are required to keep an inventory, even if that inventory is only used internally. The beginning inventory is calculated based on an established formula: 

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Tags: plastic wrap inventory, warehouse inventory, stretch film inventory, inventory management, Beginning Inventory

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