What are the item/s that are not included in the Inventory for Distribution? Give the reason why the item/s does/do not belong to the group. Agricultural Produce for Distribution Construction Materials for Distribution Merchandise Inventory Welfare Goods for Distribution Non-Accountable Forms Inventory Property and Equipment for Distribution Animal/Zoological Supplies Inventory

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Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.