Inventory is the collection of unsold products waiting to be sold. Inventory is listed as a current asset on a company's balance sheet.Examples of Inventory:For instance, a sandwich shop’s delivery truck is not considered inventory because it has nothing to do with the primary business of making and selling sandwiches. This is considered a fixed asset for the sandwich shop. To a car dealership, on the other hand, this truck would be considered inventory because they are in the business of selling vehicles.Second, the assets must be available for sale or will soon be ready to sell. If some business assets could be sold but are never actually made available for sale, they aren’t inventory. These are just assets or investments of the company.