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Re: WhiteFish post# 232750

Tuesday, 08/20/2013 7:41:10 AM

Tuesday, August 20, 2013 7:41:10 AM

Post# of 289420
I expect what he intends to reflect is COGS and Sales Expense. COGS goes into the Gross Margin calculation and should only include the cost of the product being sold. Sales Expense should be with the other Operating Expenses and will reflect distribution costs, marketing, sales force costs, etc. Unfortunately he's completely ignorant in regards to accounting and just keeps repeating the same mistakes over and over again.