Question for anyone who has physical inventory at tax time
 

This is my first year of having a physical inventory, and I am starting to freak just a little as I'm adding up the cost of all this stuff.

I have an accountant, and she'll be doing my taxes, but can anyone give me the cliff notes on how much and what kind of taxes I will have to pay on inventory.

It would be much appreciated.

to name your country might be useful at least

I did leave that out, sorry. :)

US, filing as a sole prop.