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@kahawatungu 19 hours ago

How to Calculate Closing Inventory

Closing inventory, also known as ending inventory, is the value of the stock a business has remaining at the end of an accounting period. It is an important figure in accounting because it helps determine the Cost of Goods Sold (COGS), gross profit, and the value of inventory reported in the financial statements. Whether you [...] The post How to Calculate Closing Inventory appeared first on Kahawatungu.

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