The beginning and ending inventory values simply show the
value of what was on hand at the beginning of the year and the ending of the
year. The other numbers you are
providing take care of what happened in between.
Therefore, all the additional details you are asked to
provide pertain to the costs you incurred through the entire year for any items
that you produced or purchased for resale during the year. This is not only for items that sold, but for
any items that were produced even if they remained in the inventory at the end
of the year. TurboTax will then take all
of that information to determine the cost of goods sold for your business.
