# Inventory

> Inventory — Goods held for sale, or being made for sale, carried as an asset at cost until sold — when the cost moves to cost of revenue.

Source: https://lopifi.com/glossary/inventory
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is inventory?** In accounting, inventory means goods held for sale, or being made for sale, carried as an asset at cost until sold — when the cost moves to cost of revenue.

## Words this system refuses for it

- stock in US copy

- **Category:** Statements
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** cost-of-revenue, revenue, asset