Pennsylvania Inventory Statement is a form used by Pennsylvania businesses to report their inventory on hand for the reporting period. It is used to calculate the inventory tax due to the state. There are two types of Pennsylvania Inventory Statements: Annual Inventory Statement and Quarterly Inventory Statement. The Annual Inventory Statement is used to report the ending inventory on hand for the prior year. It is used to calculate the annual inventory tax due for the year. This statement is due by April 15 of each year. The Quarterly Inventory Statement is used to report the ending inventory on hand for the current year. It is used to calculate the quarterly inventory tax due for the quarter. This statement is due by the 15th day of the month following the end of the quarter. The Pennsylvania Inventory Statement requires businesses to include detailed information such as the cost of goods sold, beginning inventory, purchases, and ending inventory. The statement must be signed and dated by the business owner.