Ending merchandise inventory

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Ending merchandise inventory (ending inventory) is the cost of goods that remain unsold at the end of the accounting period. It is an asset on the new balance sheet.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Ending merchandise inventory (ending inventory). The cost of goods that remain unsold at the end of the accounting period. It is an asset on the new balance sheet.

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