what are inventories
 

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Please find below the solution to your query

1.  In accounting subject, inventory refers to goods that in various stages of development before getting ready for sales.
2.  They include finished goods - that are ready to be sold
3.  Work - in - progress - the goods that are half processed 
4.  Raw materials - items that are used to produce finished goods

Inventory is generally the largest current asset – items expected to sell within the next year – a company has.

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