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Financial Planning / Tax Strategies


Subject:  COGS Date:  9/18/2012  10:22 AM
Author:  RBMunkin Number:  116597 of 127544

Correct me if I'm wrong, but I believe if a person has a small manufacturing business, but doesn't keep inventory - basically buys material, makes a product, sells it all pretty much at the same time for each order placed, they don't have to deal with Cost Of Goods Sold, do they? They can simply expense the materials they buy.

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