costs of inventory

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• Inventory — means a list compiled for some formal purpose, such as the details of an estate going to probate, or the contents of a house let furnished. This remains the prime meaning in British English.[1] In the USA and Canada the term has developed from a… …   Wikipedia

• inventory cost — UK US noun [S] COMMERCE, ACCOUNTING ► the cost of keeping goods somewhere, including the costs of storing them, insurance, taxes, etc.: »The company has been able to reduce the inventory cost at its own factories and at the dealers showrooms by… …   Financial and business terms

• inventory — stock; stock in trade 1) The products or supplies of an organization on hand or in transit at any time. For a manufacturing company the types of inventory are raw materials, work in progress, and finished goods. An inventory count usually takes… …   Big dictionary of business and management

• Inventory control problem — The inventory control problem is a type of problem encountered within the field of optimal control. ConceptsOne issue is infrequent large orders vs. frequent small orders. Calculating shipping costs, volume discounts, storage costs, and capital… …   Wikipedia

• Inventory valuation — INVENTORIES AND FINANCIAL STATEMENTS Inventories are usually the largest current asset of a business, and proper measurement of them is necessary to assure accurate financial statements. If inventory is not properly measured, expenses and… …   Wikipedia

• Inventory — The raw materials, work in process goods and completely finished goods that are considered to be the portion of a business s assets that are ready or will be ready for sale. Inventory represents one of the most important assets that most… …   Investment dictionary

• inventory — the value of all the stock of physical items that a business uses in its production process or has for sale in the ordinary course of doing business. Glossary of Business Terms A category of goods defined by Article 9 of the Uniform Commercial… …   Financial and business terms

• Inventory — For companies: Raw materials, items available for sale or in the process of being made ready for sale. They can be individually valued by several different means, including cost or current market value, and collectively by FIFO, LIFO or other… …   Financial and business terms

• inventory — inventoriable, adj. inventorial, adj. inventorially, adv. /in veuhn tawr ee, tohr ee/, n., pl. inventories, v., inventoried, inventorying. n. 1. a complete listing of merchandise or stock on hand, work in progress, raw materials, finished goods… …   Universalium

• Inventory turns — In business management, inventory turns often referred to as stockturn,stock turns, turns, and stock turnover. This measures the number of times invested in goods to be sold or used over in a year. mbox{Inventory Turns} = frac{Cost of Goods Sold… …   Wikipedia

• Inventory Management — The overseeing and controlling of the ordering, storage and use of components that a company will use in the production of the items it will sell as well as the overseeing and controlling of quantities of finished products for sale. A business s… …   Investment dictionary