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Cost of Goods Sold isn’t a lower limit. Excess inventory will be sold at a loss before written off entirely.
by anikom15 3y ago
Cost of Goods Sold isn’t a lower limit. Excess inventory will be sold at a loss before written off entirely.
- lotsofpulp 3y agoI meant for a business that is attempting to price their goods/services on an ongoing basis. Obviously, if the business is going out of business, then goods/services might be priced below cost, but otherwise, outside of loss leaders, one would not expect a business to sell something for less than it cost them.