Announcement

Collapse
No announcement yet.

negative ending inventory

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    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.

    #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

    Comment


      #3
      Thanks Sam. Can't believe I misinterpreted this.

      Comment

      Working...
      X