Statistical Terms

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Definition	Appraisal value of all goods that a business or store possesses (or has) for the purpose of sales as of the reference date
Commentary	Inventory at the beginning of a year and inventory at the end of the year refer to goods (completely finished goods, half finished goods, work-in-process goods), raw materials, and fuel of a business no matter they are located in the business place or not. In principle, inventory is appraised based on book values. However, when the approach is not feasible, inventory value is estimated by market value at the beginning and end of the year.
Source	KOSTAT (Mining and Manufacturing Survey)