I'm an Author and started 2023 with a $633 Inventory of Books. In May I revised the content of these books and ordered ~$500 of the new books, which I believe I'm supposed to enter under Cost of Purchase. This would technically increase my inventory to $1,133. Since the old $633 of books was no good anymore, I destroyed them, leaving me with an inventory of ~$500. If I enter Inventory Beginning 2023 as $633 and enter ~$500 under Cost of Purchase (which would be the purchase of the new books), then Inventory End of 2023 as $500, I don't know where to enter the lost/destruction of the $633 inventory of books? I don't see anywhere under Business Expenses to enter the disposal of the old books?
