8 Inventory Costing Methods That You Might Not Know About
EMERGE App
OCTOBER 25, 2018
Jake runs a used-car business in Miami. And $1,000 owed to the warehouse for storage costs. George sells hand-painted beads imported from Peru. But gross profit and taxable income drops because COGS is higher, and ending inventory is lower. Example: Jake’s Pre-Loved Lovely Cars LLP. His bestsellers are vintage VW vehicles.
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