Ideally, your COGS should be calculated by an accountant, as accuracy significantly impacts your tax liability and ability to plan for the future. Determining direct and indirect costs is not always easy, and you must find a way of telling them apart. Note that the cost for the inventory consists only of costs directly associated with the making of the product. Ending Inventory forms the Beginning Inventory for the next accounting period.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |