Solved: Would this cost include taxes paid on items?
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pmariecastro
New Member

Is cost of goods all the items I purchased from the company( Paparazzi Accessories- resale jewlery) during the whole year?

 
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Accepted Solutions
Coleen3
Intuit Alumni

Is cost of goods all the items I purchased from the company( Paparazzi Accessories- resale jewlery) during the whole year?

Yes. If you purchased something for resale, that would be your COGS. If you took any items out for personal use, you will need to subtract that amount.

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3 Replies
Coleen3
Intuit Alumni

Is cost of goods all the items I purchased from the company( Paparazzi Accessories- resale jewlery) during the whole year?

Yes. If you purchased something for resale, that would be your COGS. If you took any items out for personal use, you will need to subtract that amount.

View solution in original post

pmariecastro
New Member

Is cost of goods all the items I purchased from the company( Paparazzi Accessories- resale jewlery) during the whole year?

Would this cost include taxes paid on items?
Coleen3
Intuit Alumni

Is cost of goods all the items I purchased from the company( Paparazzi Accessories- resale jewlery) during the whole year?

Yes.
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