Ending Inventory

[CompasX]

ENDING INVENTORY is inventory at the end of the accounting period.

 

[viethungKT]

There are two types of inventory system to measure inventory:
_ Perpetual Inventory ( on-going count, real time count )
COGS can be determined at any point in time.
_ Periodic Inventory ( physical count )
COGS is determined at the end of accounting period when physical count is taken place

 

[ptnthuy93]

thank you 4 ur sharing