Lesson60 seconds
What is Inventory Cost?
What you spent to buy or make stuff sitting unsold on the shelf.
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Simple Definition
Inventory cost is the total cost of goods held for sale - materials, labor, and in WIP and finished goods.
Explanation level
Tap a persona to hear the same idea in a totally different voice.
Try “Like I'm 5™” for a picture-book version - not the grown-up wording above.
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