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10/28/09 4:21pm PDT
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Using premier manufacturing and wholesale for inventory

Im in the business of manufacturing fish spread made from multiple ingredients. Quickbooks premier manufacturing and wholesale's tutorial states that i should only use inventory if i sell items i purchased "ready to be sold." is this right?

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Using inventory is an option. If you have the need to know how much you have in stock or profit per item then you need inventory. If you don't care about those items then you don't. Before you decide discuss it with your accountant. QuickBooks uses only AVERAGE COST as the inventory basis.

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