Life Ending Inventory refers to the inventory of a company that is unlikely to remain in service long enough to sell any remaining inventory. This can refer to inventory items that have been discontinued, are nearing their expiry date, or are part of an organization winding down operations. Life ending inventory should be clearly identified and reported on financial statements so that investors are aware of the potential financial risk associated with it. Understanding life-ending inventory can help businesses plan for their future and identify opportunities to reduce costs and maximize profitability.