Ending Inventory
Encyclopedia
Ending inventory is the amount of inventory
a company have in stock at the end of this fiscal year. It is closely related with ending inventory cost, which is the amount of money spent to get these goods in stock. It should be calculated at the lower of cost or market
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Inventory
Inventory means a list compiled for some formal purpose, such as the details of an estate going to probate, or the contents of a house let furnished. This remains the prime meaning in British English...
a company have in stock at the end of this fiscal year. It is closely related with ending inventory cost, which is the amount of money spent to get these goods in stock. It should be calculated at the lower of cost or market
Lower of Cost or Market
Lower of cost or market is an approach to valuing and reporting inventory. Normally ending inventory is stated at historical cost but there are times when the original cost of the ending inventory is greater than the cost of replacement thus the inventory has lost value...
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