How to Calculate Beginning Inventory
When it comes to running your own business, whether a small operation or a massive company, there's little more important than inventory management. After all, if you're producing a product, you kind of need to know how much you're buying, selling, the cost of production, etcetera. And at the center of all of it is beginning inventory, since this is used to help calculate many other figures you'll want to understand. How do you calculate this? Read along to find out.