What is the calculation of closing inventory for a finished goods inventory budget?

Name: What is the calculation of closing inventory for a finished goods inventory budget?
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The calculation for closing inventory in a finished goods inventory budget is the opening balance plus inventories manufactured minus sales of finished goods. This formula accounts for the goods available at the start, adds those produced, and subtracts the goods sold to determine the ending inventory.

What Is the Calculation of Closing Inventory for a Finished