ABC Company has $100,000 of goods ready for sale to its customers, but its total inventory value is $120,000. Explain why these two numbers are different from each other. The company also has $20,000 in raw material inventory and work in process inventory. The company has obsolete inventory of $20,000. The company also has $20,000 in confirmed orders from customers. The company also has $20,000 in purchase orders outstanding at suppliers