- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
@UT1990 , it is your pref. as to how you want to document the total cost of material acquired into the inventory and then a portion taken out for personal use. At the end of the day, you are showing the net effect ( total acquired less that taken out for personal use ) of the acquisition on the COGS, if I am reading you correctly) -- it does not change the unit cost of the new inventory -- just less units available for business use.
Or am I reading you wrong ?
2 weeks ago
208 Views