# Ending Inventory Calculator Online

Ending Inventory Calculator

# Ending Inventory Calculator

Ending Inventory is  equal to Beginning Inventory (INR)  added net purchases (INR)  less than cost of goods sold (INR)  . The product in stock at the end of the accounting period.

The formula as,

Ending Inventory = (Beginning Inventory + Net Purchases) – (Cost of goods sold)

Let us Consider,

• Beginning inventory is the monetary value of the inventory at the beginning of the accounting period;
• Net purchases is the value of new items in the inventory that were purchased during the accounting period;
• Cost of goods sold, or COGS, is the direct cost of production of goods that you sell out of the materials from the inventory.

## Inventory turnover

Inventory Turnover is equal to Cost Of Goods Sold divided Beginning Inventory added Ending Inventory divided number of value 2.

Inventory Turnover = Cost of Goods Sold / ((Beginning Inventory + Ending Inventory) / 2)

Calculate the Ending Inventory

Beginning Inventory (20,000) , Net purchases (30,000) , Cost of goods sold (30,000)

Ending Inventory = (Beginning Inventory + Net Purchases) – (Cost of goods sold)

Ending Inventory = (\$20,000 + \$30,000) – (\$30,000)

Ending Inventory = (\$50,000 – \$30,000) = \$20,000

Calculate the Inventory Turn Over

Inventory Turnover = Cost of Goods Sold / ((Beginning Inventory + Ending Inventory) / 2)

Inventory Turnover = \$30,000 / ((\$20,000 + \$20,000) / 2) = 1.5

The answer is Inventory Turn Over = 1.5