Thanks for the reply. I have some more exact numbers. I was mistaken. I am doing accrual method of accouting, and cost method of valuing inventory. My purchases in 2022 for inventory are $171 and I started with $0 at the beginning of 2022. So what do I put on the screen with beginning and ending inventory? I know beginning is $0, but does end depend on the value of what I sold? The value of the items I sold in 2022 based on what I paid for them is $163. I guess based on what you are saying beginning 2022 inventory is 0$, end 2022 inventory is $8?? And then the $171 goes on the next page under "Cost of Purchases"?
Again thanks for the help.
