Knowing how many units you have in your beginning inventory is crucial to developing a production budget. Your production budget is an estimate of how many units you must manufacture to meet your ...

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.

Unless you're first starting your business, you'll almost always start an accounting period with inventory that you purchased during a preceding period. And unless you're liquidating your company, you ...