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Where do I list items sold at a Consignment Store
My question is a little different from others that have a store, I have items on consignment at a store.
Where should I list these sales/profits?
Should I list total sold, then the commission to the Consignor business? Example, $5,000 in sales, $2,500 to Business XYZ for consignment fees?
I am guessing I need the total inventory they have not sold and include it in my Inventory and do COGS on the items sold?
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‎June 6, 2019
6:45 AM