As you operate a small business, your inventory -- the stock of goods or products -- forms the foundation of your enterprise. If your stock isn't too extensive, the task of taking inventory should be ...

If you sell merchandise or manufacture products, you depend on selling your inventory to earn revenue. To know your gross profit, you must track your sales and the cost of goods sold, or COGS.

Andriy Blokhin has 5+ years of professional experience in public accounting, personal investing, and as a senior auditor with Ernst & Young. In accounting, inventory represents a company's raw ...