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Returning Member
posted Mar 2, 2024 5:09:29 PM

How do I claim Indirect materials? I make tumblers with images, how do I catergozie the paper and tape that doesn't actually become part of the product in the end?

I also use things like transfer tape to apply vinyl to keychains, or glue and tape when doing paper crafts (like greeting cards).

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1 Replies
Moderator
Mar 3, 2024 11:47:11 AM

You would put it in your inventory. Your inventory includes raw materials as well as packaging material and supplies, work-in-progress (goods and services that you have not yet completed at the end of your fiscal period), and finished goods that you have on hand.