Hi, I run a small car lot, as a single member llc. I am stumped on how to report inventory. We generally buy cars at auction or take them in on trade, and usually recondition and service them before reselling. So do I just put starting inventory as how many vehicles we had in stock on 1/1, and ending at how many vehicles we have in stock on 12/31? Or is it how many we sold during the year? Thank you
