Total beginning and end of year inventories

{
  "id": "MLC-T-ECS-001939",
  "term": "Total beginning and end of year inventories",
  "field": "Economic statistics",
  "definition": "These items are comprised of:\n\n• Finished goods\n\n• Work-in-process\n\n• Materials, supplies, fuels, etc.\n\nMaterials inventories refer to goods that are raw inputs to the manufacturing process, and that will be substantially altered to produce an establishment's output. Work-in-process inventories refer to goods that have been substantially transformed in the manufacturing process, but that are not yet the final output of the establishment. Finished goods are goods that represent the final output of the establishment, but that are still within ownership of the establishment.",
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/total-beginning-and-end-of-year-inventories/"
}