@Carl wrote:
I see that others before me are probably not providing the clarity that you need. So let me give it a try.
You have misstated almost everything with regard to the terminology and your "clarification" even ignores what constitutes the beginning and ending dates of the year (some taxpayers are on a fiscal year).
Again, as I have stated in many previous responses to your posts, Cost of Goods Sold is calculated and that calculation is straightforward:
Inventory at beginning of year + Purchases - Inventory at end of year = Cost of goods sold
