Beginning Inventory Solution

STEP 0: Pre-Calculation Summary
Formula Used
Beginning Inventory = Cost of Goods Sold-Purchases+Ending Inventory
BI = COGS-P+EI
This formula uses 4 Variables
Variables Used
Beginning Inventory - Beginning Inventory is the recorded cost of inventory in a company's accounting records at the start of an accounting period.
Cost of Goods Sold - The Cost of Goods Sold is the direct costs attributable to the production of the goods sold by a company.
Purchases - Purchases are the things that can be acquired by the payment of money or its equivalent.
Ending Inventory - Ending Inventory is the value of goods available for sale at the end of the accounting period.
STEP 1: Convert Input(s) to Base Unit
Cost of Goods Sold: 40000 --> No Conversion Required
Purchases: 25000 --> No Conversion Required
Ending Inventory: 18000 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
BI = COGS-P+EI --> 40000-25000+18000
Evaluating ... ...
BI = 33000
STEP 3: Convert Result to Output's Unit
33000 --> No Conversion Required
FINAL ANSWER
33000 <-- Beginning Inventory
(Calculation completed in 00.004 seconds)
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Credits

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23 Business Calculators

Macaulay Duration
Go Macaulay Duration = sum(x,1,5,Cash Flow Number,((Cash Flow/(1+Yield to Maturity (YTM)/Compounding Periods))^Cash Flow Number))*(Time in Years/Present Value)
Weighted Average Cost of Capital
Go Weighted average cost of capital = ((Market value of the firm’s equity/Firm Value)*Cost of Equity)+(((Market Value of the Firm’s Debt/Firm Value)*Cost of Debt)*(1-Corporate Tax Rate))
Total Inventory Cost
Go Total Inventory Cost = Carrying cost per unit per year*(Quantity of Each Order/2)+Fixed cost per order*(Demand in units per year/Quantity of Each Order)
Acid Test Ratio
Go Acid Test Ratio = (Cash+Accounts Receivable+Short Term Investments)/Current Liabilities
Economic Order Quantity
Go Economic Order Quantity = ((2*Fixed cost per order*Demand in units per year)/Carrying cost per unit per year)*(1/2)
Return on Capital Employed
Go Return on capital employed = (Earnings Before Interest and Taxes/(Total Assets-Current Liabilities))*100
Diluted Earnings per Share
Go Diluted Earnings per Share = Net Income/(Average Shares+Other Convertible Securities)
Inventory Shrinkage
Go Inventory Shrinkage = ((Recorded Inventory-Actual Inventory)/Recorded Inventory)*100
Modified Duration
Go Modified Duration = Macaulay Duration/(1+Yield to Maturity (YTM)/Coupon Periods)
Target Inventory Investment
Go Target Inventory Investment = Projected Annual Cost of Goods Sold from Stock Sales/Target Inventory Turnover
Beginning Inventory
Go Beginning Inventory = Cost of Goods Sold-Purchases+Ending Inventory
Retention Ratio
Go Retention Ratio = (Net Income-Dividend)/Net Income
Contribution Margin per Unit
Go Contribution Margin per Unit = Sales Price per Unit-Variable Cost per Unit
Operating Expense Ratio
Go Operating Expense Ratio = (Operating Expense/Gross Operating Income)*100
Break-Even Point
Go Break Even Point = Fixed Costs/Contribution Margin per Unit
Estimated Earnings
Go Estimated Earnings = Forecasted Sales-Forecasted Expense
Debt Coverage Ratio
Go Debt Coverage Ratio = Net Operating Income/Debt Service
Dividends Per Share
Go Dividends Per Share = Total Dividends/Number of Shares
Solvency Ratio
Go Solvency Ratio = (Shareholders Fund*100)/Total Assets
Estimate at completion
Go Estimate at Completion = Actual Cost+Bottom up ETC
Percentage off
Go Percentage Off = 1-(Selling Price/Original Price)
Preferred Stock
Go Preferred Stock = Dividend/Discount Percentage
Days in Inventory
Go Days in Inventory = 365/Inventory Turnover

Beginning Inventory Formula

Beginning Inventory = Cost of Goods Sold-Purchases+Ending Inventory
BI = COGS-P+EI

How to Calculate Beginning Inventory?

Beginning Inventory calculator uses Beginning Inventory = Cost of Goods Sold-Purchases+Ending Inventory to calculate the Beginning Inventory, Beginning Inventory is the recorded cost of inventory in a company's accounting records at the start of an accounting period. Beginning Inventory is denoted by BI symbol.

How to calculate Beginning Inventory using this online calculator? To use this online calculator for Beginning Inventory, enter Cost of Goods Sold (COGS), Purchases (P) & Ending Inventory (EI) and hit the calculate button. Here is how the Beginning Inventory calculation can be explained with given input values -> 33000 = 40000-25000+18000.

FAQ

What is Beginning Inventory?
Beginning Inventory is the recorded cost of inventory in a company's accounting records at the start of an accounting period and is represented as BI = COGS-P+EI or Beginning Inventory = Cost of Goods Sold-Purchases+Ending Inventory. The Cost of Goods Sold is the direct costs attributable to the production of the goods sold by a company, Purchases are the things that can be acquired by the payment of money or its equivalent & Ending Inventory is the value of goods available for sale at the end of the accounting period.
How to calculate Beginning Inventory?
Beginning Inventory is the recorded cost of inventory in a company's accounting records at the start of an accounting period is calculated using Beginning Inventory = Cost of Goods Sold-Purchases+Ending Inventory. To calculate Beginning Inventory, you need Cost of Goods Sold (COGS), Purchases (P) & Ending Inventory (EI). With our tool, you need to enter the respective value for Cost of Goods Sold, Purchases & Ending Inventory and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
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