Calculating the finished goods inventory for a manufacturing company requires the use of a simple mathematical formula that depends on a few of the company's inventory and production records to ...

Figuring the cost of goods sold is simple if you sell dozens of interchangeable items. One non-stick frying pan is much like another, for instance, so you don't need to tie specific costs to a ...

Jeff is a writer, founder, and small business expert that focuses on educating founders on the ins and outs of running their business. From answering your legal questions to providing the right ...

It's not always easy to make inventory management a priority, but if you let it slip it can take down your whole operation. Knowing how to find the just-right balance between sales and inventory is ...

Alexandra Twin has 15+ years of experience as an editor and writer, covering financial news for public and private companies. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor ...

Understanding the expenses you find on the income statement is key to making smart investments. For the beginning investor, one of the most important keys to learning about a business is understanding ...

Many small businesses have their largest single investment in inventory, driven by the owners' desire to meet customers' needs promptly. However, there is a serious downside to this strategy. Dollars ...

Gain a comprehensive understanding of the marginal cost formula. Learn how to calculate it and explore its role in business decisions. The world of microeconomics and business decision-making hinges ...