> For the complete documentation index, see [llms.txt](https://docs.merchbees.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.merchbees.com/merchbees-inventory-value/homepage/frequently-asked-questions.md). # 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 .