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How To Calculate Ending Inventory . Find the total cost of goods available for sale: Once youve established your budget use the slider to adjust your estimate to your spending habits. Solved 1. Calculate Ending Inventory And Cost Of Goods So... from www.chegg.com Here are the steps to calculate the ending inventory formula: To calculate using the gross profit method, follow the following steps: The monetary value of all the products you had available to customers at the start of the year.