Use Inventory to track inventory items. Inventory is assigned by project and can be classified as asset, expensed, or customer-furnished. You can set up multiple warehouses and locations and assign inventory to projects. You can allocate inventory to manufacturing orders, sales orders and purchase orders as well as inventory issues and transfers. You can also track serial and lot information for specified parts. Inventory values are calculated using average actual costing and standard costing. Both physical and cycle counts are supported, with an ABC analysis capability provided. Inventory includes an inventory posting process to generate the necessary General Ledger journal entries from inventory transactions.