Business & farm


@misd1 wrote:

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.


With beginning inventory of $0, ending inventory of $2,908, and purchases during the tax year of $5,055, your cost of goods section should appear as follows:

 

Untitled.png