Inventory

1. Raw materials, components, work in progress (WIP) and finished goods held by a company or other entity under review.

2. Financial reporting - balance sheet - assets.

Value of raw materials, components, work in progress (WIP) and finished goods held by a reporting entity at a balance sheet date.

Also known as Stock or Inventories.

See also

• Assets
• Balance sheet
• First in first out (FIFO)
• Foreign exchange trader
• IAS 2
• Inventory management
• Last in first out (LIFO)
• Property
• Stock
• Weighted average cost
• Work in progress (WIP)