I received similar questions about inventory and cost of goods sold almost every day during this past tax season, and every day I told myself "I need to make a video on this!" Well this is the video! I discuss the accrual method for inventory vs cash method for inventory, how they work, and how they can be presented on the tax forms.

COGS tracking spreadsheets: [ Ссылка ]

COGS formula sheet (used in video): [ Ссылка ]

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