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The inventory value report allows you to get the total, and broken out details of the value of your inventory. This is the recommended report for reporting on your inventory sub-ledger. This value should correspond to the value of your Inventory GL account (1200) if you are following the best practice methods.
This report takes the First In First Out (FIFO) stock lines for each part in your system and adds up the value to calculate the value of your inventory. You can view categories with a total, or you can view detail to see the value of each inventory item within the report.