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Beginning Inventory
The financial amount of goods up for sale at the start of an economic period.
Year 1
Often refers to the first year of operations for a business or the first year in a multi-year financial analysis.
Beginning Inventory
The value of inventory on hand at the start of an accounting period, used in calculating cost of goods sold.
Cost of Goods Sold
Direct financial expenditures related to the generation of a company’s saleable products, covering labor and materials.
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