calculate ending finished goods inventory

calculate ending finished goods inventory Calculate ending finished goods inventory using the formula: Beginning Inventory + Cost of Goods Manufactured – Cost of Goods Sold = Ending Inventory. This calculation is vital in manufacturing and accounting for tracking unsold products at the end of a period. It helps determine the value of remaining stock on hand, which affects financial statements and tax reporting. Accurate inventory tracking ensures efficient resource allocation and prevents production delays caused by inventory shortages.