Cost of Good question
If i bought an item for $100, Taxed $9, and Shipping $10 totaling amount paid for item $119. Would my cost of good for that item be $119?
If i bought an item for $100, Taxed $9, and Shipping $10 totaling amount paid for item $119. Would my cost of good for that item be $119?
Yes. The entire purchase price of an item purchased for resale or for your cost of goods is what you include as your cost.
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