amar11995
New Member

Small Business Taxes Can someone explain what it wants when entering the value of opening inventory value, total purchase during the year, and closing inventory value

Can someone explain what it wants when entering the value of opening inventory value, total purchase during the year, and closing inventory value? Does it want the value of inventory at market value or what I  bought it for from manufacturer? What does total purchase mean- the amount customers purchased or I purchased from manufacturer?