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COGS is for items that are sold to customers in the normal course of business.
Rental of bridal should not be in COGS.
The items if the material in cost should be depreciated over the useful life. You cannot do both as no double benefit is allowed.
I do realize you may sell some of the used rentals later but that is not the bread and butter of the business.
COGS is for items that are sold to customers in the normal course of business.
Rental of bridal should not be in COGS.
The items if the material in cost should be depreciated over the useful life. You cannot do both as no double benefit is allowed.
I do realize you may sell some of the used rentals later but that is not the bread and butter of the business.
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