In order to calculate the ending inventory for period 42, you need to know what the ending inventory was for period 41.

Question

Quizplus · Accepted Answer

The ending inventory for the current period (period 42) is typically based on the ending inventory from the previous period (period 41), along with any changes made during the current period. So, in order to calculate the ending inventory for period 42, you would need to know what it was for period 41.

In Order to Calculate the Ending Inventory for Period 42