For example, if Firm A 's beginning inventory is $30,000 and it purchases $70,000 of inventory, then $30,000 plus $70,000 equals $100,000 for cost of goods available. 2. Multiply the gross profit percentage by sales to calculate gross profit..
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The cost of carrying or holding inventory is the sum of the following costs: Money tied up in inventory, such as the cost of capital or the opportunity cost of the money..
Minus Ending Inventory at the end of the year Equals Cost of Goods Sold; For example: $14,000 cost of inventory at beginning of year + $8,000 cost of additional .
How to Calculate Inventory Turnover. Inventory turnover is a way of measuring how many times a business sells its stock of inventory in a given time period..