LCM of three numbers

Beginning Inventory Calculator

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✖The Cost of Goods Sold is the direct costs attributable to the production of the goods sold by a company.ⓘ Cost of Goods Sold [COGS]			+10% -10%
✖Purchases are the things that can be acquired by the payment of money or its equivalent.ⓘ Purchases [P]			+10% -10%
✖Ending Inventory is the value of goods available for sale at the end of the accounting period.ⓘ Ending Inventory [EI]			+10% -10%

✖Beginning Inventory is the recorded cost of inventory in a company's accounting records at the start of an accounting period.ⓘ Beginning Inventory [BI]

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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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Created by Team Softusvista

Softusvista Office (Pune), India

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Verified by Himanshi Sharma

Bhilai Institute of Technology (BIT), Raipur

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Beginning Inventory Formula

LaTeX Go

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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