inventory of goods
81Perpetual Inventory — An accounting method of maintaining up to date property records that accurately reflect the level of goods on hand. The current balance of inventory is sustained daily by the addition of inventory to the account when goods are received and the… …
82days inventory — The level of inventory expressed as its equivalent in days of a portion of cost of goods sold for the year. Calculated by multiplying inventory by 365 and then dividing that product by cost of goods sold. American Banker Glossary …
83continuous inventory — ➔ inventory * * * continuous inventory UK US noun [C or U] (plural continuous inventories) (also perpetual inventory) ► ACCOUNTING a system of regularly checking information on the quantity and type of goods that a company has available to sell:… …
84Days in inventory — Days in inventory(DII) is an efficiency ratio that measures the average number of days the company holds its inventory before selling it. The formula for DII is: where the average inventory is the average of inventory levels at the beginning and… …
85Beginning Inventory - BI — The book value of goods, inputs, or materials available for use or sale at the beginning of an inventory accounting period. Beginning inventory is similar to ending inventory except that it is adjusted for any accounting discrepancies. BI is an… …
86book inventory — noun : an inventory (as of stock or goods) shown on the books of account distinguished from physical inventory; compare perpetual inventory * * * book inventory, an inventory made by a check of books of account instead of by counting stock …
87finished goods stock — finished goods inventory The value of goods that have completed the manufacturing process and are available for distribution to customers. In any accounting period there will be opening stock of finished goods at the beginning of the period and… …
88finished goods stock — finished goods inventory The value of goods that have completed the manufacturing process and are available for distribution to customers. In any accounting period there will be opening stock of finished goods at the beginning of the period and… …
89Beginning Inventory — is the amount of inventory a company have in stock at the start of this fiscal year. It is closely related with Beginning Inventory Cost, which is the amount of money spent to get these goods in stock. It should be calculated at the Lower of Cost …
90Ending Inventory — is the amount of inventory a company have in stock at the end of this fiscal year. It is closely related with Ending Inventory Cost, which is the amount of money spent to get these goods in stock. It should be calculated at the Lower of Cost or… …
