Accounting Dictionary
Inventory
The items a business purchases to resell to customers are called inventory.
If a shoe store bought $20,000 worth of shoes, $100 worth of cleaning fluid and $300 worth of cash register tape, only $20,000 would be inventory because that is the only thing that will be sold to customers. The cleaning fluid and cash register tape will be used in the business.
https://accounting.uworld.com/cpa-review/lc/accounting-dictionary/term/inventory/
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