Calculating Available Inventory in MS Dynamics NAV

I think you need to simply look at Qty on Hand(Inventory) field on the Item card.

If you want to see availability by location, you can open FlowFilters(Shift+F7) and set Location Filter, of course you can set filters on other fields as well(Date Filter, Dimensions Filters,…). This field shows you only in/out quantities(NO open documents)