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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 3 Variables
Variables Used
Cost of goods sold- The cost of goods sold are 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: 4875444 --> No Conversion Required
Purchases: 78354 --> No Conversion Required
Ending Inventory: 785555 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
BI = COGS-P+EI --> 4875444-78354+785555
Evaluating ... ...
BI = 5582645
STEP 3: Convert Result to Output's Unit
5582645 --> No Conversion Required
FINAL ANSWER
5582645 <-- Beginning Inventory
(Calculation completed in 00.016 seconds)
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3 Other formulas that you can solve using the same Inputs

Business Gross Profit Margin when Revenue and Cost of Goods Sold are given
gross_profit_margin = (Revenue-Cost of goods sold)/Revenue Go
Gross Profit Margin when Revenue and Cost of Goods Sold are given
gross_profit_margin = (Revenue-Cost of goods sold)/Revenue Go
Inventory Turnover Ratio
inventory_turnover_ratio = Cost of goods sold/Inventory Go

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 and 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) and Ending Inventory (EI) and hit the calculate button. Here is how the Beginning Inventory calculation can be explained with given input values -> 5.583E+6 = 4875444-78354+785555.

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 are 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 and 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) and Ending Inventory (EI). With our tool, you need to enter the respective value for Cost of goods sold, Purchases and 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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