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In this video youamp;#39;ll find out what Inventory means and how to account for it in a Merchandising Business. Hey there Iamp;#39;m James youamp;#39;re watching Accounting Stuff and in todayamp;#39;s video weamp;#39;re going to tackle a topic that I get asked about all the time Inventory. Not gonna lie this is a big one. So Iamp;#39;m putting together a whole Inventory Mini-Series to make sure that weamp;#39;ve covered all the bases. This is video number one and Iamp;#39;ll be uploading the rest of the playlist over the next few weeks. So hit subscribe if youamp;#39;d like to see those. Today I want to focus on Inventory in a Merchandising Business. Specifically how Inventory in the Balance Sheet interacts with the Cost of Goods Sold and Revenue accounts in the Income Statement. This can be a bit confusing so I recommend you watch this video all the way through to the end so you get the complete picture. There are two main types of business that hold Inventory Manuf
