You are the accounting advisor for Mr. and Mrs. Hawthorne. Mr. Hawthorne has left you a message with the following questions:
"My wife and I have a small non-profit where we receive donations of pet food and supplies and then redistribute them to people who are in financial hardships. We are tracking the inflows and outflows of supplies, but since they are donated, do we need to place an estimated value on our 'inventory' as there is no money exchanged?"
Required
Respond to Mr. Hawthorne.