From the SOLVED section. 2. Post all purchases to COGS. Periodically, but at least at the end of the year, you value the inventory on hand and do a journal entr...

From the guy who posted the solution.2. Post all purchases to COGS. Periodically, but at least at the end of the year, you value the inventory on hand and do a ...

I’ve been doing inventory like your option 2 for years, but recently we are having difficulties matching the books and we believe is because we haven’t adjusted...