Thank you for your quick response. I have done that. Then I indicated that I use the cost method to value inventory. At the beginning on 2021 I had no inventory. For the end of 2021, so I enter the amount I had total, or only what I have left after selling items during 2021?
I had $5055 total inventory purchased for the year. I sold $2146 (the value of the inventory sold) After sales, my value of inventory left is $2908. So for the end of 2021 #, do I put in the total I bought for that year ($5055) or only the remaining Inventory ($2908)?
Thanks! (I'm using the accrual method, not the cash-can't remember if I mentioned that)
