Origins of the Goins Surname. It is quite possible for two people with the Goins last name to have been given that surname for entirely different reasons.
â¢ INVENTORYING (noun). The noun INVENTORYING has 1 sense: 1. making an itemized list of merchandise or supplies on hand. Familiarity information: INVENTORYING used as a noun is very rare.
Practically speaking, inventory consists of products for resale that you own before you sell them to customers. From an accounting standpoint, the value of your inventory is recorded as a current asset on your balance sheet.