What is inventory?

The term boxes stacked up solated over a white backgroundinventory covers the goods or items you have available for sale.

The value of your Inventory will be found on your Balance Sheet in the Asset section.

Inventory can be finished goods ready for sale, e.g. a bottle of perfume, packaged & ready to ship.

It can also include the materials that will make up your finished goods, e.g., the bottle, the box, the labels, and the fragrance oils.

How you value your inventory will affect your profits and your taxes.

© AskConny.com