Average Inventory Calculator is an efficient, straightforward tool used by businesses to quickly and accurately measure the financial state of their inventory. It uses a simple formula – average inventory cost = (Beginning Inventory + Purchases – Ending Inventory) / Number of Days – to take into account the entire inventory cost over a given period of time. This helps businesses track fluctuations in their inventories and make more informed decisions around purchasing and pricing. With the Average Inventory Calculator, you can better understand your current inventory’s financial state and plan for its future success.