Beginning Inventory Calculator

✖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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Formula

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Beginning Inventory

Formula

`"BI" = "COGS"-"P"+"EI"`

Example

`"33000"="40000"-"25000"+"18000"`

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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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Bhilai Institute of Technology (BIT), Raipur

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< 18 Capital Budgeting Calculators

Overall Cost of Capital

Go Overall Cost of Capital = (Market Value of the Firm’s Equity)/(Market Value of the Firm’s Equity+Market Value of the Firm’s Debt)*Required Rate of Return+(Market Value of the Firm’s Debt)/(Market Value of the Firm’s Equity+Market Value of the Firm’s Debt)*Cost of Debt*(1-Tax Rate)

Discounted Payback Period

Go Discounted Payback Period = ln(1/(1-((Initial Investment*Discount Rate)/Periodic Cash Flow)))/ln(1+Discount Rate)

Net Present Value (NPV) for even cash flow

Go Net Present Value (NPV) = Expected Cash Flow*((1-(1+Rate of Return)^-Number of Periods)/Rate of Return)-Initial Investment

Capital Asset Pricing Model

Go Expected Return on Investment = Risk Free Rate+Beta on Investment*(Expected Return on Market Portfolio-Risk Free Rate)

Double Declining Balance Method

Go Depreciation Expense = (((Purchase Cost-Salvage Value)/Useful Life Assumption)*2)*Beginning PP&E Book Value

Modified Internal Rate of Return

Go Modified Internal Rate of Return = 3*((Present Value/Cash Outlay)^(1/Number of Years)*(1+Interest)-1)

Cost of Retained Earnings

Go Cost of Retained Earnings = (Dividend/Current Stock Price)+Growth Rate

After-Tax Cost of Debt

Go After Tax Cost of Debt = (Risk Free Rate+Credit Spread)*(1-Tax Rate)

Beginning Inventory

Go Beginning Inventory = Cost of Goods Sold-Purchases+Ending Inventory

Terminal Value using Perpetuity Method

Go Terminal Value = Free Cash Flow/(Discount Rate-Growth Rate)

Trade Discount

Go Trade Discount = multi(List Price,Trade Discount Rate)

Expected Monetary Value

Go Expected Monetary Value = multi(Probability,Impact)

Accounting Rate of Return

Go Accounting Rate of Return = (Average Annual Profit/Initial Investment)*100

Inventory Carrying Cost

Go Inventory Carrying Cost = (Total Carrying Cost/Total Inventory Value)*100

Certainty Equivalent Cashflow

Go Certainty Equivalent Cashflow = Expected Cash Flow/(1+Risk Premium)

Payback Period

Go Payback Period = Initial Investment/Cashflow per Period

Terminal Value using Exit Multiple Method

Go Terminal Value = EBITDA at Last Period*Exit Multiple

Cost of Debt

Go Cost of Debt = Interest Expense*(1-Tax Rate)

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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