How do I inventory screen printed t-shirts?
What is the best way to track inventory for a company that sells screen printed t-shirts? We buy t-shirts in bulk, send some out for screen printing, then sell them. When we buy the t-shirts, they go into inventory. I'm thinking when I send some out for screen printing, I should adjust from inventory to WIP. The t-shirts cost $6 each (but it varies depending on size), and the printing costs $2/shirt. How do I get the finished printed t-shirt into inventory for its total cost of $8?