Companies can use this Inventory Sheet to list and count all inventory. After inserting a unit price and quantity in stock, the spreadsheet will automatically calculate the current inventory value. The Inventory Sheet should be used to help businesses determine if they need to reorder inventory items. The spreadsheet will calculate the total reorder cost based on the reorder level needed. Managers or supervisors should use this document to keep accurate records of current inventory levels and help plan for future inventory costs.