A company's inventory consists of all its raw materials, works in process (goods that are partially completed), completed goods, and merchandise that has been purchased and is being held for sale, ...

Beginning inventory is the book value of a company’s inventory at the start of an accounting period. It is also the value of inventory carried over from the end of the preceding accounting period.

Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Eric's career includes extensive work in both public and ...