The Imelda Marcos shoe store had an inventory of $250,000 on January 1,1981.On July 1,1981 inventory was $237,000.At the close of business on December 31,1981,it was $244,000.How much was the store's inventory investment during the year?

Inventory Investment

The commitment of resources towards the acquisition and holding of stocks or goods to be sold or used in future production processes.

Level of Inventory

Level of Inventory refers to the quantity of goods or materials on hand at a particular time within a business.