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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).
March 2, 2024
5:09 PM
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Filing
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.
March 3, 2024
11:47 AM