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 (First in, first out), LIFO (Last in, first out) or other techniques. The lower value of alternatives is usually used to preclude overstating earnings and assets. For securities firms: Securities bought and held by a broker or dealer for resale.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). inventory. Retrieved September 20, 2026, from http://smartdefine.org/inventory/definitions/1156461 |
| Chicago | Barry Goldsmith. 2010. "inventory" http://smartdefine.org/inventory/definitions/1156461 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, inventory, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/inventory/definitions/1156461>. |
| MLA | Barry Goldsmith. "inventory" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/inventory/definitions/1156461> |