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What is inventory?


Samanta
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Inventory is a complete list of unsold goods that a business holds and is listed as a current asset on a company's balance sheet.

There are generally 3 types of inventory:
- raw materials (source materials that will be used to produce finished goods);
- work-in-process (goods that are in the process of being made to finished goods);
- finished goods (goods that are available for sale).

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