 Re: Inventory Methods
You pretty much have it. You will have your compnents in inventory, work in progess and finished goods.
QuickBooks Wholesaler and Manufacturer version does a poor job of this but will handle it.
I've found that MYOB is much better at this and it allows for introduction of labor into the cost, as well as "landed cost" (including shipping in the cost of the goods on the shelf). And it has a much more useful inventory overview than QB.
Other, higher priced, accounting systems generally include the raw materials to finshed goods routine quite well.
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