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No just make your best guess and leave it there. No one expects this to be
penny for penny.

L

On Fri, Apr 3, 2020, 11:39 AM Lynette Cook <[log in to unmask]> wrote:

> Liz, I didn’t sell everything I made. And I still have a lot of paint,
> gesso, canvas, etc. on hand to use. Doesn’t cost of goods sold apply only
> to the artwork that actually sold?
>
> Lynette
>
> On Apr 3, 2020, at 8:27 AM, Liz Lockett <[log in to unmask]> wrote:
>
> Take the cost of every supply and expense you made for the year and divide
> by the number of things you sold.
>
> On Fri, Apr 3, 2020, 11:18 AM Lynette Cook <[log in to unmask]> wrote:
>
>> Britt, this article addresses inventory and keeping track of costs in a
>> general way as part of one’s business (for tax and insurance purposes),
>> though doesn’t directly address my questions. I must come up with a number
>> for COGS from 2/1/19-1/31/20. Thankfully, not for any other period than
>> this!
>>
>> Lynette
>>
>>
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