Anonymous
Not applicable
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
yes. and the amount for inventory on the 8594 (should be class IV) should be included with sales and then you have $0 ending inventory. this should work automatically. Beginning inventory + purchases less ending inventory ($0) will produce the correct cost of goods sold. i'm assuming you have always reported year end inventories as an asset rather then expensing it.
‎December 17, 2019
12:47 PM