What Is Inventory? Its Definition, Types, and Examples

What Is Inventory? Its Definition, Types, and Examples

What is Inventory? Inventory includes both raw materials needed in production and finished commodities for sale. A company’s inventory is one of its most valuable assets because inventory turnover is one of the key sources of revenue generation and subsequent earnings for the company’s shareholders. There are three sorts of inventory: raw materials, work-in-progress, and…

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