@Carl wrote:
DOH! (Homer Simpson moment here) Yes. Simply add the cost of the disposed of inventory to the "Cost of Goods Sold" during the tax year. Done. Done..... and Done.
No, there is no need to add the cost of anything to anything else. The COGS formula takes care of the disposed of inventory as a result of the reduction in ending inventory (i.e., ending inventory is reduced by $633, the cost of the inventory that was discarded).
