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April 7, 2024
Question

Cost of goods sold

  • April 7, 2024
  • 1 reply
  • 0 views

Beginning inventory 22,273

ending inventory 34,562

 

purchases 15,785

labor 940

materials and supplies (screen printing) 9,456

other costs (packaging) 134

 

No matter how I work these numbers, I can't come up with the $4,043  that Turbo Tax says is my COGS.  Can someone show me the proper equation?

 

1 reply

April 7, 2024

You're either missing something critical or you're not looking at the relevant line.

 

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