Sentences with beginning inventory
be·gin·ning in·ven·to·ry
B b - If the beginning inventory is overstated, cost of goods sold will be overstated and net income understated.The cost of the ending inventory is larger than the cost of the beginning inventory because the firm bought more than it sold.A beginning inventory is all of the goods, services, or materials that a business has available for use or sale at the start of a new accounting period.