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January 26, 2023
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Cost of Good question

  • January 26, 2023
  • 1 reply
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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? 

Best answer by DianeW777

Yes.  The entire purchase price of an item purchased for resale or for your cost of goods is what you include as your cost.

1 reply

DianeW777Answer
January 26, 2023

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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