The Maryland Inventory Summary (MIS) is a detailed listing of all the inventory of a business, including its parts and components, that is located in the state of Maryland. It includes a detailed description of each item, including its size, quantity on hand, cost, and any other relevant information. The MIS can be used for record-keeping, tracking, and inventory control purposes. There are two main types of MIS: physical inventory summaries and perpetual inventory summaries. Physical inventory summaries provide an overview of all items physically located in the business’s warehouse, as well as a count of any items that have been shipped out. Perpetual inventory summaries, on the other hand, provide an overview of all items in the business’s inventory, including those located in the warehouse and those that have been shipped out.