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Ending Inventory
The cumulative value of goods prepared for sale by the end of a bookkeeping period.
Beginning Inventory
The value of all the goods available for sale by a company at the start of an accounting period.
Average Inventory
The mean value of inventory over a certain period of time, calculated to help businesses understand inventory levels and cost of goods sold.
Ending Inventory
This is the total value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting cost of goods sold.
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