I'm an independent book publisher. I sold all copies of one book and had to print more. Thus my ending inventory for 2018 is different than my beginning inventory for 2018. After entering this information I added the explanation for the difference in inventory. I then entered the cost of goods sold for 2018. But it doesn't show up. I still had a cost of goods sold for books sold in 2018.
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This is how it works for Cost of Goods Sold:
Beginning Inventory $1,000
Cost to print more books 10,000
11.000
Ending Inventory - 2,000
Costs of Goods Sold $9,000
You would let TurboTax calculate the cost of goods sold by putting in purchases, beginning and ending inventory
This is how it works for Cost of Goods Sold:
Beginning Inventory $1,000
Cost to print more books 10,000
11.000
Ending Inventory - 2,000
Costs of Goods Sold $9,000
You would let TurboTax calculate the cost of goods sold by putting in purchases, beginning and ending inventory
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