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Beginning Inventory Formula

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Beginning Inventory is the recorded cost of inventory in a company's accounting records at the start of an accounting period. Check FAQs

BI = COGS - P + EI

BI - Beginning Inventory?COGS - Cost of Goods Sold?P - Purchases?EI - Ending Inventory?

Beginning Inventory Example

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With units

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Here is how the Beginning Inventory equation looks like with Values.

Here is how the Beginning Inventory equation looks like with Units.

Here is how the Beginning Inventory equation looks like.

33000 = 40000 - 25000 + 18000

33000 = 40000 - 25000 + 18000

33000 = 40000 - 25000 + 18000

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Beginning Inventory Solution

Follow our step by step solution on how to calculate Beginning Inventory?

FIRST Step Consider the formula

BI = COGS - P + EI

Next Step Substitute values of Variables

∴

BI = 40000 - 25000 + 18000

Next Step Prepare to Evaluate

∴

BI = 40000 - 25000 + 18000

LAST Step Evaluate

∴

BI = 33000

Beginning Inventory Formula Elements

Variables

Beginning Inventory

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

Symbol: BI

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Beginning Inventory

Cost of Goods Sold

The Cost of Goods Sold is the direct costs attributable to the production of the goods sold by a company.

Symbol: COGS

Measurement: NAUnit: Unitless

Note: Value can be positive or negative.

Formulas to find Cost of Goods Sold

Purchases

Purchases are the things that can be acquired by the payment of money or its equivalent.

Symbol: P

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Purchases

Ending Inventory

Ending Inventory is the value of goods available for sale at the end of the accounting period.

Symbol: EI

Measurement: NAUnit: Unitless

Note: Value can be positive or negative.

Formulas to find Ending Inventory

Other formulas in Capital Budgeting category

Go Payback Period

PBP = \frac{Initial Invt}{C f}

Go Cost of Retained Earnings

C RE = (\frac{D}{P c}) + g

Go Cost of Debt

R d = Int.E \cdot (1 - T r)

Go After-Tax Cost of Debt

ATCD = (R f + CS P) \cdot (1 - T r)

How to Evaluate Beginning Inventory?

Beginning Inventory evaluator uses Beginning Inventory = Cost of Goods Sold-Purchases+Ending Inventory to evaluate 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 evaluate Beginning Inventory using this online evaluator? To use this online evaluator for Beginning Inventory, enter Cost of Goods Sold (COGS), Purchases (P) & Ending Inventory (EI) and hit the calculate button.

FAQs on Beginning Inventory

What is the formula to find Beginning Inventory?

The formula of Beginning Inventory is expressed as Beginning Inventory = Cost of Goods Sold-Purchases+Ending Inventory. Here is an example- 33000 = 40000-25000+18000.

How to calculate Beginning Inventory?

With Cost of Goods Sold (COGS), Purchases (P) & Ending Inventory (EI) we can find Beginning Inventory using the formula - Beginning Inventory = Cost of Goods Sold-Purchases+Ending Inventory.

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Beginning Inventory Formula

Beginning Inventory Example

Beginning Inventory Solution

Beginning Inventory Formula Elements

Other formulas in Capital Budgeting category

How to Evaluate Beginning Inventory?

FAQs on Beginning Inventory

Variable Name