Calculating the finished goods inventory for a manufacturing company requires the use of a simple mathematical formula that depends on a few of the company's inventory and production records to ...

Andriy Blokhin has 5+ years of professional experience in public accounting, personal investing, and as a senior auditor with Ernst & Young. Thomas J. Brock is a CFA and CPA with more than 20 years of ...

Assessing the cost of inventory may be a simple process for retailers. Conversely, for manufacturers knowing the cost of finished goods in inventory involves inclusion of cost from the initial raw ...