Question
Keeping track of inventory
Keeping track of inventory has me lost. I sell handmade products made from yarn. I understand that I can write off the cost of my materials. But how do I track the cost of yarn when the number of yarn balls used don’t exactly mirror product. Meaning that sometime our use multiple balls of yarn on one product but other times one ball might get me three products that sell at different prices. Can I write off how much I buy in yarn in total against how much profit I make off of the products?
