I would like some clarification to this comment: "Materials and Supplies - Items used in the manufacturing or sales prep that do not become a part of the finished product, but are not considered actual raw materials. "
My understanding has always been that Materials and Supplies are EXACTLY the items used in manufacturing that DO become part of the finished product.
I buy paints and mediums, remix them into smaller quantities, rebottle them, label them and sell as a finished product. If I were to follow your advice above, what would I then call the paints and mediums that I purchase to create my branded products? Thanks.
