define inventory at account in easy words
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Inventory :- Inventory is the term for the goods available for sale and raw materials used to produce goods available for sale.
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Inventory is an accounting term that refers to goods that are in various stages of being made ready for sale, including: Finished goods (that are available to be sold) Work-in-progress (meaning in the process of being made) Raw materials (to be used to produce more finished goods)
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