How do I calculate beginning and ending inventory:eek:

Beginning Inventory + Net Purchases - Cost of Goods Sold (COGS) = Ending Inventory

Re-Arrange the formula given above for either one your looking for.. if both are missing use the COGS only for Purchases or Beginning Inventory... The ending inventory and COGS are highly different numbers..

Source: I am an Ivey Student, currently with an HBA.

This one is three years old...