Hi All, this might be very basic question but just struggling a bit
I am working on a project where Year 0 we need to put in some inventory. So, the way I should calculate inventory is:
Inventory Days:45
Year 0
600,000
Year 1
=45*Year 1 COGS/365
OR
Year 1
= (Year 1 COGS - Year 2 COGS)*45/365
While Beginning Period Inventory is
600,000
Ending is whatever is in Year 1
and change in Ending -Beginning
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