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My wife has a home sewing business how do you determine the inventory cost of sold goods Do I have to measure all the fabrics she has to determine the inventory left

 
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LeeM
New Member

My wife has a home sewing business how do you determine the inventory cost of sold goods Do I have to measure all the fabrics she has to determine the inventory left

Ideally, you would measure it exactly BUT if you cannot recreate the exact cost, as long as you have a conservative estimate and can back up that estimate, I would use that.

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1 Reply
LeeM
New Member

My wife has a home sewing business how do you determine the inventory cost of sold goods Do I have to measure all the fabrics she has to determine the inventory left

Ideally, you would measure it exactly BUT if you cannot recreate the exact cost, as long as you have a conservative estimate and can back up that estimate, I would use that.

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