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Level 1

Categorizing purchased and sold

My company buys and builds LED lighting for the entertainment industry. A lot of the time when ordered, I purchase the product and build the order. I do not charge extra for the product the product  categorized as COGS? 

1 Comment
Level 6

Categorizing purchased and sold

Yes..this will be COGS regardless of whether you are keeping a margin or selling at cost. 

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