In a woodworking business, would things like sandpaper and rags for wiping stains be considered Cost of Goods?
Written by woodworker on February 19th, 2009
Matt W asked: I do the accounting for a woodworking business. I understand that materials such as wood and paint and the factory labor are costs of good sold. I am also pretty sure that the factory machinery and tools that we use are not necessarily costs of goods sold. For me, the gray area [...]
Tags: Factory Machinery, Machinery And Tools, Woodworking Business