What type of inventory involves a physical count of all property during a specified period?

The type of inventory that involves a physical count of all property during a specified period is known as complete inventory. This approach typically requires a thorough and comprehensive count of every item in the inventory at a designated time, ensuring accuracy in record-keeping and management. A complete inventory is often conducted at the end of a fiscal year or during an annual audit, allowing organizations to verify their physical stock against inventory records.

This method provides a clear understanding of what is on hand and can help identify any discrepancies or issues that need to be addressed, such as loss, damage, or obsolescence of items. The detailed nature of a complete inventory is crucial for maintaining the integrity of the overall inventory management system, enabling effective planning and resource allocation.

Other inventory types, such as sample, continuous, or random inventory methods, do not involve a full physical count in the same way and are more focused on partial assessments or ongoing monitoring rather than a complete snapshot of all property.