You'll need to sign in or create an account to connect with an expert.
The purchases made to make or produce your cost of goods and/or inventory is made up of only cost to make the product.
You should report actual out of pocket costs for your supplies to produce the crosses. Any crosses or materials used to produce them remaining on your shelves unsold on December 31st should represent your cost of ending inventory.
The purchases made to make or produce your cost of goods and/or inventory is made up of only cost to make the product.
You should report actual out of pocket costs for your supplies to produce the crosses. Any crosses or materials used to produce them remaining on your shelves unsold on December 31st should represent your cost of ending inventory.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
tigerre
Level 2
cchaser37-gmail-
New Member
jf313
Level 1
carmaruti
Returning Member
000000000000
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.