Patrick, a Shopify Guru here :).
At the moment, we don't have a way of measuring the total cost of inventory built into the platform. That being said there are a number of apps that can do it for you:
Hope that helps :)
The Prosperous Shop (beta) is launching next month and we have the following feautures;
It is free to sign up to The Prosperous Shop Beta; just click the link above, underneath our logo and fill in the contact form.
Is there any way to value inventory based on what's in the store and full retail value? I don't need an exact number, but I need to be able to give my accountants an idea of what the value of my inventory is. I don't really want to spend additional time and or money to input the information.
I know it's been a while since you asked but if you're still looking for a solution, Better Reports can give you that number.
Basically it computes the total value of your inventory based on the quantity on hand of each variant and their price.
Feel free to reach out to me directly at firstname.lastname@example.org if you would like to know more.
I'm happy to confirm that our app is finally live and in the app store under the inventory category.
We offer cost price upload in bulk or via our super helpful RAPID method, profit reporting through our easy to use, yet powerful dashboard, inventory visability across locations, purchase orders, price markdowns.
Feel free to take us for a test drive - we offer a 14 day free trial
Karen and the team
The Prosperous Shop
Report Pundit can fetch the cost of inventory report. The report can be viewed onscreen or exported within a few seconds.
Additionally, we have other pre-created inventory reports like:
Inventory on Hand
Inventory Sales Value Report
Inventory Cost Report
Out of Stock Product
Inventory level Indicator
Inventory by Location
Inventory by Product Type
Low Stock Product-
With a few clicks, you can view the reports on the screen and export them instantly.