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Question

How do I claim Indirect materials? I make tumblers with images, how do I catergozie the paper and tape that doesn't actually become part of the product in the end?

Forum|Forum|2 years ago
March 3, 2024
1 reply
0 views

I also use things like transfer tape to apply vinyl to keychains, or glue and tape when doing paper crafts (like greeting cards).

You would put it in your inventory. Your inventory includes raw materials as well as packaging material and supplies, work-in-progress (goods and services that you have not yet completed at the end of your fiscal period), and finished goods that you have on hand.