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URL:  http://boards.fool.com/the-cost-of-goods-sold-is-an-expense-charged-off-20396323.aspx

Subject:  Re: I am such a Wannabee! Date:  2/27/2004  1:16 AM
Author:  zsimpson Number:  2015 of 5068

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.


Oh, and unless you are planning on coming over here and helping out for free, get out of my business already. Stop being so anal about something that has nothing to do with you.
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