Inventories

1.

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

2.

Accounting.

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 Inventory.

See also

• First in first out
• Foreign exchange trader
• IAS 2
• Inventory management
• Last in first out
• Stock
• Weighted average cost
• Work in progress