Ref: Inventory Sale Price is Less than its Cost Price for 2 separate Inventory Items
Hello Active Users
I need to make an entry but i cant find its solution as to how.
I have current inventory in hand, Inventory X Values at 4000** and **Inventory Y** Values at ** 1000.
These are the cost price under inventory tab. Now lets say my sale for Inventory X & Y is at 1,500** as a Total Lot where in the Price of Each inventory has gone down and i have sold it at a Scrap Price. How would i take in this entry as i need to show a sale of ** 1500?. Will it also reflect $ 3500 as an inventory write off Expense ?
Please provide an assist.