negative ending inventory

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  • RWG1950
    Senior Member
    • Nov 2017
    • 461
    #1

    negative ending inventory

    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.
    Tags: None
    • Uncle Sam
      Senior Member
      • Jul 2006
      • 1462
      #2
      The ending inventory is not negative. It's shown in brackets to reduce the total Cost of Goods Sold.
      Uncle Sam, CPA, EA. ARA, NTPI Fellow

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        • RWG1950
          Senior Member
          • Nov 2017
          • 461
          #3
          Thanks Sam. Can't believe I misinterpreted this.

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