To calculate inventory purchases, subtract your closing inventory from beginning inventory, and then add in the inventory purchases you made during the accounting period, which are part of your ...

To calculate ending inventory with the specific identification method, you track the exact purchase price and other costs related to individual items. The total cost of the inventory items at the ...

The number of times a business sells and replaces its stock over a given time period is its inventory turnover ratio. The inventory turnover ratio, also sometimes called stock turns or inventory turns ...