While not intended for inventory, GnuCash tracks securities and 
foreign(alternative) currency just fine, so you could create a folder in 
securities for inventory, and create an account to hold inventory like a stock 
account holds shares of various stocks.

Securities also have price history, so every sale will enter a price history, 
which can get a bit busy.

Normally, one wants the price of each item sold to be enforced to the current 
sale price, although the prices of items bought, and the sale price you set, 
may vary!  It would be an interesting enhancement.
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