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Inventory Entries
05-22-2020, 09:14 AM
Post: #1
Inventory Entries

I have a question regarding recording inventory that was not paid for.

My husband and his friend have started a comic book shop. So my husband investment to the business was his personal comic collection which is over 3000 books.

My question is how do I record the books in inventory if they were no purchased?
How do I figure out COGS and COGAS?

Any help on this would be helpful thanks.
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