A company's inventory consists of all its raw materials, works in process (goods that are partially completed), completed goods, and merchandise that has been purchased and is being held for sale, ...

Inventory adjustments are necessary in just about any business, and there are two basic methods used to adjust inventory. Perpetual inventory adjustment occurs when the inventory is adjusted to ...

This account presents the value of inventories on hand that is expected to be sold to customers outside of the university. 040000: Inventory-Internal Sales/Consumed This account is similar to account ...