What Is Ending Inventory?

Period-end inventory refers to the book value of goods, materials, or raw materials available for use or sale at the end of an inventory accounting period. Inventory is the goods actually stored in the warehouse. It can be divided into two categories: one is production inventory, which is stored to ensure the uninterrupted supply of materials consumed by enterprises and institutions; the other is circulating inventory, that is, the finished product inventory of the production enterprise and the inventory of the production department And inventory at all levels of material administrations.