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What is the BOM (beginning of the month inventory) for each month?

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yacel0762 | Valedictorian

Posted August 24, 2013 at 9:23 PM via web

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What is the BOM (beginning of the month inventory) for each month?

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Kay Morse | College Teacher | (Level 1) Senior Educator

Posted August 26, 2013 at 9:51 AM (Answer #2)

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To find the beginning of the month inventory, you add the ending inventory to the cost of goods sold then subtract the cost of new inventory. Your "net sales" represents your cost of goods, and your ending inventory is the unsold inventory from the previous month.

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Kay Morse

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