How To Calculate Ending Inventory Without Cost of Goods Sold
Here, we calculate the value of ending inventory / closing inventory without Cost of Goods Sold or Cost of Sales . It is possible to calculate the value of closing inventory / stock if we are given opening inventory (beginning inventory) and average inventory. Example: If we are given: Opening Inventory = Rs. 30000, Average Inventory = Rs. 20000, then find out closing Inventory / ending inventory for the current accounting period. Given: Opening Inventory = Rs. 30000, Average Inventory = Rs. 20000 Find Out: Closing Inventory = ? B y Applying Average Inventory Formula, we get: Average Inventory = (Opening Inventory + Ending Inventory) / 2 20000 = (30000 + Ending Inventory) /2 ...