Inventory is a Term describing the products (Goods, merchandize) or materials (Raw Material, packaging materials) a business holds for the purpose to Sell and Manufacture sellable products or Repair products.
In Financial reports (Statement of Financial Position) Inventory is the value of these products.
Alternative names for Inventory include: Stock.
|AE12||Days of Inventory||2||AE12|
|AE121||Days of Raw Materials Inventory||3||AE121|
|AE122||Days of WIP Inventory||3||AE122|
|AE123||Days of Finished Goods Inventory||3||AE123|