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URL:  http://boards.fool.com/the-cost-of-goods-sold-is-an-expense-charged-off-20396307.aspx

Subject:  Re: I am such a Wannabee! Date:  2/27/2004  1:10 AM
Author:  zsimpson Number:  2014 of 5076

The cost of goods sold is an expense charged off against your business income for the year. Unsold inventory is not an expense you get to charge off.

I continue to suggest that those who claim that unsold inventory can be used as an expense are mistaken.


Hey SP, should I give you my accountants names and you can fight it out with them? I've already said a couple times, I'm not doing the taxes, they are.

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