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Accounting & Bookkeeping & Small Business Forum
Accounting, Bookkeeping, Marketing, and Small Business Resource
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Guest
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| Posted: Thu Nov 11, 2004 10:34 pm Post subject: Cost of Sales |
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How do I determine "Cost of Sales" for an alterations shop (clothing)? For the most part they use thread and a sewing machines - that's it. The employees do track the amount of time it takes to repair an item. Should I take this tracked time and multiple it by the employee's salary per hour?
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Guest
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| Posted: Sat Nov 13, 2004 8:22 pm Post subject: RE: Cost of Sales |
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| COST OF GOODS SOLD IS AN INVENTORY ACCOUNT. YOU HAVE NO INVENTORY. THE BUSINESS IS A REPAIR SHOP. |
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