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Deductions & credits
Regarding Cost of Goods Sold in the Business Inventory section, I don't have inventory (finish production). All my parts are custom made upon order. I would buy a piece of Titanium Sheets and send them to laser cutter. Then have cut parts send back to me. The laser cut service is (2X) more expensive than the material. It cost $2 to laser each piece and $1 for material. But this example cost I'm using is from 2020. I am sure material price has gone up since. So each time i make a mistake and stamp the piece crooked, it's lost material and laser cut cost.
‎April 6, 2022
11:56 PM