The monetary value assigned to goods and materials remaining on hand at the end of an accounting period. Because cost of goods sold is calculated as opening inventory plus purchases minus closing inventory, the method used to value ending inventory (such as using the period-end unit price versus the average unit price) affects both cost of goods sold and profit. When purchase prices are rising, applying the higher end-of-period unit price yields a higher ending inventory value and correspondingly lower cost of goods sold.

Past questions testing this term · 1 questions

• 2025r07 #5A社ではB商品の仕入れと販売を行っている。ある期のB商品の仕入単価は期首から上昇し続け，期末が最も高くなった。当該期の売上原価を“期首棚卸高＋当期商品仕入高－期…