Inventory can be classified according to its place of storage, which can be divided into inventory inventory, in-transit inventory, and inventory in processing. Inventory inventory refers to all kinds of inventory that have been accepted and put into stock. In-transit inventory refers to the inventory that has been paid for the goods and is being transported on the way, as well as the inventory that has arrived at the enterprise but has not yet been accepted into the stock. In-process inventory refers to the inventory being processed by an enterprise and the inventory entrusted to other units.
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