Final Inventory is the total amount of goods that remain in a business’ inventory at the end of a financial period. It is used to assess a company’s performance in terms of how well it has managed its resources and is calculated by subtracting the closing stock from the opening stock. The goal of Final Inventory management is to have the right amount of products on hand to meet customer demand while minimizing excess stock, which can lead to unnecessary costs. By accurately tracking their Final Inventory, businesses can ensure they are never overstocked or understocked, allowing them to achieve maximum efficiency and profitability.