blade4sell
Returning Member

Deductions & credits

Thank you for your reply.

 

Per my reply to first message member, the $3 cost per piece includes Laser Cut fees. It's 2 to 1. The Laser cutting cost is 2X as material. 

 

Regarding "The two pieces you scraped should be included in your material costs."

 

Because all my parts are custom made upon order, I don't have inventory to report.  Turbo Tax noted to input my production supplies in the supplies/common expenses. I would enter the raw material cost of Titanium (no laser cut cost). Then in the Contract Labor section I would enter the amount paid for Laser Cutting.

 

Let's say 2021, every piece i have failed put into scrap box. I have not counted yet but it looks to be around 500pcs. If i put this 500pcs scrap in my material cost? Should i include the laser cut cost too?

 

any suggestions appreciated, thank you