oboloo Glossary

Ending Finished Goods Inventory Formula

oboloo Glossary

Ending Finished Goods Inventory Formula

Ending Finished Goods Inventory Formula (EFIG) is a business financial metric that measures the value of all finished goods in a company’s inventory at the end of an accounting period. The formula takes into account various factors such as production costs, storage costs, and material costs to arrive at the total cost of goods in stock. EFIG can help business owners and managers make smart, informed decisions about how to allocate resources and maximize profits by giving them a comprehensive picture of their current inventory status. It’s an invaluable tool for anyone interested in optimizing profitability!