The Merchandise Inventory account balance at the end of one period is the amount of beginning inventory in the next period.

Name: The Merchandise Inventory account balance at the end of one period is the amount of beginning inventory in the next period.
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The ending balance of the Merchandise Inventory account for one accounting period becomes the beginning balance for the next period, as inventory not sold carries over into the next period.

The Merchandise Inventory Account Balance at the End of One