I have a firearms business.
BOY inventory equals previous years EOY inventory.
Now, current year EOY inventory is what I have left on hand to sell.
On the next page, What is the "Cost of purchases" referring to? ie: EOY inventory lets say is $8000. Is the " Cost of Purchase" $8000 since that is the value/cost of the leftover inventory? Or is it "$0" since the cost doesn't directly relate to production or resale? Or something else entirely?
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