Mastery card
I can explain Inventory Cost
What you spent to buy or make stuff sitting unsold on the shelf.
Inventory cost is the total cost of goods held for sale - materials, labor, and overhead in WIP and finished goods.
Sticky trick
Inventory cost = paid for products not sold YET.
Take into the room
In plain English, what is Inventory Cost?
Or open the share card 📦
Or start your own 5-word trail from home.