[A] In order to check the total value of inventory, go to reports module and search "product" and click on the "Product Price and Inventory".
[B] After clicking on it a pop up will open, select the pricing type based upon which you want to check your inventory value and click on generate report.
[C] Now report will generate and you can check the value according to the filter you have used in Stock Value column.
[D] The first value in the above image is the sum above rows and the second value is the total value of your inventory based upon the pricing type you have chosen while generating the report.
Keywords - Total inventory value, inventory cost, inventory price, total value of inventory