Inventory refers to the goods held by the business for the production or sales. The function of inventory does not includes "To increase total invested capital".
What is an inventory?
In business, inventory refers to the stock of goods or raw material held by the entity for further production or sales.
The purpose of inventory is to support production process by making material available at time.
The customer will get choices of goods when inventory of each type of good is readily available.
Keeping sufficient stock of inventory lowers the cost and losses and purchase of inventory in bulk increases the discounts offered by the seller.
Therefore, the incorrect statement regarding purpose of inventory is A.
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