SafeSourcing Wiki [E-G]

Return to Main Wiki Index

Estimated Inventory
No Comments Yet

Estimated inventory is a method of counting physical inventory and used to calculate the total cash value of a store's inventory. First, a product is counted, then its value is determined by multiplying the quantity by its retail price. The estimated gross-profit margin is subtracted from the estimated inventory value figure and used to derive an estimate of the worth in dollars of items in a store.

Rate This Page: Poor Great   |  Rate Content |
Average rating:  4.5   
Number of Ratings : 2

 |  View Topic History  |