Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Generally Accepted Accounting Principles (GAAP) recognize three different types of inventory: raw materials, work-in-process and finished goods. Not every type of business carries all three types of ...

Your business inventory consists of your stock, the goods that you offer for sale and any other materials you need to run your businesses. Maintaining an appropriate inventory is crucial to the ...