The Collaborative International Dictionary of English v.0.48:

Inventory \In"ven*to*ry\, v. t. [imp. & p. p. Inventoried; p.
   pr. & vb. n. Inventorying.] [Cf. F. inventorier.]
   To make an inventory of; to make a list, catalogue, or
   schedule of; to insert or register in an account of goods;
   as, a merchant inventories his stock.
   [1913 Webster]

         I will give out divers schedules of my beauty; it shall
         be inventoried, and every particle and utensil labeled.
                                                  --Shak.
   [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Inventory \In"ven*to*ry\, n.; pl. Inventories. [L.
   inventarium: cf. LL. inventorium, F. inventaire, OF. also
   inventoire. See Invent.]
   1. An account, catalogue, or schedule, made by an executor or
      administrator, of all the goods and chattels, and
      sometimes of the real estate, of a deceased person; a list
      of the property of which a person or estate is found to be
      possessed; hence, an itemized list of goods or valuables,
      with their estimated worth. Hence: Any listing, as in a
      catalogue, of objects or resources on hand and available
      for use or for sale. Specifically, the annual account
      listing the stock on hand, taken in any business.
      [1913 Webster]

            There take an inventory of all I have. --Shak.

   2. The objects contained on an inventory[1]; especially: the
      stock of items on hand in any business, either for sale
      and not yet sold, or kept as raw materials to be converted
      into finished products.
      [PJC]

   3. The total value of all goods in an inventory[2].
      [PJC]

   4. The act of making an inventory[1].
      [PJC]

   Syn: List; register; schedule; catalogue. See List.
        [1913 Webster]

WordNet (r) 3.0 (2006):

inventory
    n 1: a detailed list of all the items in stock [syn:
         inventory, stock list]
    2: the merchandise that a shop has on hand; "they carried a vast
       inventory of hardware"; "they stopped selling in exact sizes
       in order to reduce inventory" [syn: stock, inventory]
    3: (accounting) the value of a firm's current assets including
       raw materials and work in progress and finished goods
    4: a collection of resources; "he dipped into his intellectual
       armory to find an answer" [syn: armory, armoury,
       inventory]
    5: making an itemized list of merchandise or supplies on hand;
       "an inventory may be necessary to see if anything is
       missing"; "they held an inventory every month" [syn:
       inventory, inventorying, stocktaking, stock-taking]
    v 1: make or include in an itemized record or report; "Inventory
         all books before the end of the year" [syn: inventory,
         take stock, stock-take]