https://ttlc.intuit.com/community/taxes/discussion/why-my-cost-of-goods-sold-is-limited-to-2933/01/422512#M174144 <P>My Cost of Purchase is $25109, but when I submit it the Cost of Goods Sold only shows $2933. This increases my gross profit drastically. Can you please advice?</P> Tue, 04 Jun 2019 21:16:02 GMT shahjehan-hakim 2019-06-04T21:16:02Z https://ttlc.intuit.com/community/taxes/discussion/why-my-cost-of-goods-sold-is-limited-to-2933/01/422512#M174144 <P>My Cost of Purchase is $25109, but when I submit it the Cost of Goods Sold only shows $2933. This increases my gross profit drastically. Can you please advice?</P> Tue, 04 Jun 2019 21:16:02 GMT https://ttlc.intuit.com/community/taxes/discussion/why-my-cost-of-goods-sold-is-limited-to-2933/01/422512#M174144 shahjehan-hakim 2019-06-04T21:16:02Z https://ttlc.intuit.com/community/taxes/discussion/the-ending-inventory-is-what-determines-how-much-gets-sen/01/422519#M174147 <P>The ending inventory is what determines how much gets sent to COGS.</P><P>So Beginning inventory</P><P>plus purchases</P><P>less ending inventory <BR /></P><P>= COGS<BR /></P> Tue, 04 Jun 2019 21:16:03 GMT https://ttlc.intuit.com/community/taxes/discussion/the-ending-inventory-is-what-determines-how-much-gets-sen/01/422519#M174147 MichaelL1 2019-06-04T21:16:03Z https://ttlc.intuit.com/community/taxes/discussion/thank-you-that-was-the-issue-it-seemed-like-it-didn-t-a/01/422525#M174149 Thank you. That was the issue. It seemed like it didn't ask me for the End of Year Inventory first time around. Tue, 04 Jun 2019 21:16:05 GMT https://ttlc.intuit.com/community/taxes/discussion/thank-you-that-was-the-issue-it-seemed-like-it-didn-t-a/01/422525#M174149 shahjehan-hakim 2019-06-04T21:16:05Z