[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]
Shipping costs for incoming goods
- Subject: Shipping costs for incoming goods
- From: "Matt Jackson" <..hidden..>
- Date: Wed, 14 Mar 2007 18:24:05 -0400
If I am entering a shipping cost for items I've purchased from a Vendor, do I need to add shipping cost in the "Add Labor/Overhead" section of Goods & Services?
What I am really curious about is this: when we run a FIFO report to determine COGS for the prior year, how does the program roll the shipping costs into the cost of the goods?
For example, if I order 18 individual items, all at different price points, but the shipping cost for all was $18, does the program assign a shipping cost of goods sold at $1, and then include that on the report?
How does this balance out in practice?