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Cost of Good question

If i bought an item for $100, Taxed $9, and Shipping $10 totaling amount paid for item $119. Would my cost of good for that item be $119? 

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1 Best answer

Accepted Solutions
DianeW777
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Cost of Good question

Yes.  The entire purchase price of an item purchased for resale or for your cost of goods is what you include as your cost.

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1 Reply
DianeW777
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Cost of Good question

Yes.  The entire purchase price of an item purchased for resale or for your cost of goods is what you include as your cost.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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