pk
Level 15
Level 15

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 ?