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COGS or promotion
Any non-Tax accounting topics go here.
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12-Aug-2021 12:48pm
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#1
JAD
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California
Client wants to know if $1500 worth of inventory given out as samples should be posted to COGS or promotion. I have no idea. Any thoughts?
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12-Aug-2021 8:49pm
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#2
Joan TB
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21-Apr-2014 9:08am
Location:
Texas
I would suggest promotion. This $1500 is probably not significant and probably won't distort the COGS percentage, but since the items are not directly related to a sale, like COGS usually are, I would put it elsewhere.
16-Aug-2021 11:08am
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#3
CornerstoneCPA
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2887
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21-May-2018 7:50am
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Northern MI and Coastal SC
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I typically put to promotion since it is not directly associated with sales.
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