The Ruess Company began operations on January 1st when its owners invested $50,000. The following information was available at the end of January: Cost of Goods Sold $28,800, Accounts receivable $2,300 - studentland
Discover the differences between operating expenses and cost of goods sold, how each are calculated and why they are considered separate line items.
Cost Of Goods Sold
Are Shipping Charges for My Business Tax Deductible?
"cost of goods sold" list shipping as a deductible expense to be added into the total.