When it comes to inventory accounting, knowing your ending inventory is essential. But calculating how much sellable inventory you have on hand at the end of an accounting period can be a challenge. That’s why it’s important to understand how to best calculate the value of your ending inventory and to choose the right inventory valuation method for your business.

In this article, you’ll learn why ending inventory is an important factor in calculating cost of goods sold, and how the right inventory management software can help you determine the value of your ending inventory at the end of the accounting period.