In many stores, the inventory of stock is taken

not more than once a year, although more frequent

check-ups are made on stocks of candy, tobacco,

and fountain supplies. A careful annual inventory is

necessary for the accurate determination of profit in

a business.

It is worthwhile to plan the making of an entire

inventory over a single weekend. Preparations

should be made in advance to facilitate inventory.

Inventory sheets that are serially numbered should

be prepared. All types of merchandise carried in

any given fixture are listed on the sheet with details

as sizes, colors, or any other assortment factors.

Pricing the inventory is the next step.