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Calculate inventory turnover rate. First, calculate your inventory turnover rate. To do this, divide Costs of Goods Sold (COGS) by the average cost of your inventory on hand. If you finished year-end inventory last month, you should have your COGS on hand.This article explains how to calculate COGS.For example: Consider an Amazon third party merchant whose Costs of Goods Sold was $50,000 the first year and kept $5,000 worth of inventory on hand on average.f you finished year-end inventory last month, you should have your COGS on hand. This article explains how to calculate COGS. For example: Consider an Amazon third party merchant whose Costs of Goods Sold was $50,000 the first year and kept $5,000 worth of inventory on hand on average.
When the perpetual inventory system is used, there is a continuous or perpetual record of inventory recorded in the inventory account. When a company purchases product, it is immediately recorded as inventory.erpetual Inventory and the Inventory Count. Though an inventory count should be taken once a year to measure and match inventory records, the perpetual inventory system does not depend on this count to determine cost of goods sold, but is used to verify inventory records.