Let me more clear. I am not talking about the cost or how to figure out the
cost. I am talking what you put under Cogs account. I send my images to be print
to a color lab.
Oscar Matos Linares
3221 West Pierce #2R; Chicago, IL 60651
Telephone: 773-315-6842
E-mail: lpstudio@yahoo.com
________________________________
From: Joseph Orabona <orabona_joseph@dwc.edu>
To: "artshow_photo@yahoogroups.com" <artshow_photo@yahoogroups.com>
Sent: Wed, October 20, 2010 8:44:20 AM
Subject: RE: [artshow_photo] Quick Books Question
When you produce goods like we do your COGS is based on Finished Goods. You
figure out how much each unit cost you, (paper, ink, frame, etc) and that's the
number you work with. You look at what you have that's incomplete from the
previous year as of 1/1/10, add in what you bought during 2010, add in 2010
labor, any overhead if you're doing that and then subtract the unfinished goods
as of 12/31/10 and that is your Cost of Goods Manufactured.
You use that to figure out Cost of Goods Sold, or COGS. Finished goods as of
1/1/10, Add in your COGM, subtract finished goods as of 12/31/10.
________________________________________
From: artshow_photo@yahoogroups.com [artshow_photo@yahoogroups.com] On Behalf Of
Michael Pearlman [mike.pearlman@gmail.com]
Sent: Tuesday, October 19, 2010 1:51 PM
To: artshow_photo@yahoogroups.com
Subject: Re: [artshow_photo] Quick Books Question
Not sure that I understand. I have a lot of items in Cost of Goods sold
including the costs of all the parts that go into a sale lab the cost of Lab
printing.
Michael
On Tue, Oct 19, 2010 at 10:29 AM, G. Armour Van Horn <vanhorn@whidbey.com>wrote:
>
>
> I've never entered anything like that. I would think you would only
> enter that if you were a reseller, the only category of business in
> which COGS are known. Everyone that is involved in manufacturing of any
> sort calculates COGS after the fact.
>
> Van
>
> On 19/10/2010 10:10, Linares Photography Studio wrote:
> >
> > Hi
> >
> > After these years, I was wondering what you suppose to put when you
> > are entering
> > a new item under cost of goods section.
> >
> > Thanks
> >
> > Oscar Matos Linares
> > 3221 West Pierce #2R; Chicago, IL 60651
> > Telephone: 773-315-6842
> > E-mail: lpstudio@yahoo.com <lpstudio%40yahoo.com> <mailto:
> lpstudio%40yahoo.com <lpstudio%2540yahoo.com>>
> >
> >
>
> --
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>
> [Non-text portions of this message have been removed]
>
>
>
--
*Michael Pearlman*
*ChristopherMichael.com*
[Non-text portions of this message have been removed]
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