Hi, a specific question here:
Do I included “Purchases Withdrawn for Personal Use” in the Total “Cost of Purchases”?
for example:
I purchase $100,000 in inventory
then I withdraw $10,000 for personal use.
is it this:
Cost Of Purchases: $100,000
Purchases Withdrawn for Personal Use: $10,000
OR
Cost Of Purchases: $90,000
Purchases Withdrawn for Personal Use: $10,000
Thanks!
