# Frequently Asked Questions ### ⚖️ How to calculate inventory values of products based on cost and price? Total Value (Cost) is calculated by taking the "stock cost" of a product or variant, and it is multiplied by the quantity of that item in stock. Total Value (Price) is calculated by taking the "price" of a product or variant, and it is multiplied by the quantity of that item in stock. ### 💰 All my products don't have an inventory cost. How do I enter the value? You should enter the cost on the Shopify Admin page. As soon as you update the cost of a product, it reflects on the Merchbees page. :wave: If you have additional questions, please don't hesitate to contact us! We are always here to help!\ You can say hello with live chat on [merchbees.com](https://merchbees.com/) or send an email to .