Inventory reports will help you track your inventory valuation and the shipping status of your shipping orders:
To access these reports, go to menu 'Intelligence':
And click on the report you are interested in:
Shipped products: List of your products included in Shipping Orders. For example, you can filter on pending shipments:
Inventory valuation: List of all your products with their valuation. Their valuation is based on the Moving Average Cost.
You can find more information about inventory valuation in this article: Tracking your cost and inventory valuation.
Inventory valuation by date: Same report as above but based on a specific date. This report will help you get your valuation at the end last fiscal year for example.