Regarding the Sub-S income statement example in TTB 19-18.
Can anyone explain how there can be a negative figure in ending inventory in the COGS calculation ?
This may be covered somewhere in the line-by-line example of the material, but I am unable to locate it.
Thanks for comments.
Can anyone explain how there can be a negative figure in ending inventory in the COGS calculation ?
This may be covered somewhere in the line-by-line example of the material, but I am unable to locate it.
Thanks for comments.
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