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June 6, 2019
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My wife has a home sewing business how do you determine the inventory cost of sold goods Do I have to measure all the fabrics she has to determine the inventory left

  • June 6, 2019
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Best answer by LeeM

Ideally, you would measure it exactly BUT if you cannot recreate the exact cost, as long as you have a conservative estimate and can back up that estimate, I would use that.

1 reply

LeeMAnswer
Employee
June 6, 2019

Ideally, you would measure it exactly BUT if you cannot recreate the exact cost, as long as you have a conservative estimate and can back up that estimate, I would use that.