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 ...

How to Calculate Accuracy of Inventory Variance. Small businesses often estimate their inventory. If you operate your business on the basis of inaccurate inventory figures, however, you may ...

Understanding "unplanned inventory investments" Businesses invest in inventory today to sell in the future. The amount they invest is based on assumptions about the costs, sales, and growth that a ...

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 ...