The current period's ending inventory is:

A) The next period's beginning inventory.
B) The current period's cost of goods sold.
C) The prior period's beginning inventory.
D) The current period's net purchases.
E) The current period's beginning inventory.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting sold goods.

Current Period

The specific timeframe or duration currently under consideration, often used in financial and operational reporting.

Beginning Inventory

The value of all inventory held by a business at the start of an accounting period, before any purchases or sales have occurred.