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inventory

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Acronyms, Idioms, Wikipedia, Hutchinson 0.07 sec.

inventory

In business, any item of property held in stock by a firm, including finished goods held for sale, goods in the process of production, raw materials, and items that will be consumed in the process of producing salable goods. Inventories appear on a company's balance sheet as assets. Inventory turnover, which indicates the rate at which goods are converted into cash, is a key factor in appraising a firm's financial condition. For financial statements, inventories may be priced either at cost or at market value.



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? Mentioned in ? References in classic literature
 
These gentlemen, having pen, ink, and paper, about them, made an exact inventory of every thing they saw; and when they had done, desired I would set them down, that they might deliver it to the emperor.
They rightly claimed that "Tom" was lawfully their property and had been so for eight years; that they had already lost sufficiently in being deprived of his services during that long period, and ought not to be required to add anything to that loss; that if he had been delivered up to them in the first place, they would have sold him and he could not have murdered Judge Driscoll; therefore it was not that he had really committed the murder, the guilt lay with the erroneous inventory.
I found myself in a salon with a very well-painted, highly varnished floor; chairs and sofas covered with white draperies, a green porcelain stove, walls hung with pictures in gilt frames, a gilt pendule and other ornaments on the mantelpiece, a large lustre pendent from the centre of the ceiling, mirrors, consoles, muslin curtains, and a handsome centre table completed the inventory of furniture.
 
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