Ending Inventory
From Wikipedia, the free 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.
[edit] References
1. Intermediate Accounting 8th Canadian Edition, page 433, Kieso, Weygandt, Warfield, Young, Wiecek, John Wiley & Sons Canada, Ltd, 2007, ISBN 978-0-470-83979-9
 |
This accounting-related article is a stub. You can help Wikipedia by expanding it. |
