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Extensible Markup Language  |  2003-06-18  |  2KB  |  21 lines
  1. <?xml version="1.0"?>
  2. <?xml-stylesheet type='text/xsl' href='hhPreprocess.xsl'?>
  3. <topic sku="biz" tNum="288509" author="sallyh" xmlns="x-schema:hhTopicSchema.xml"><index><title>Learn about other costs included in the cost of goods sold</title><category></category><klink type="cncpt">Tell me about other costs included in the cost of goods sold</klink></index>
  4.     <content>
  5.         <p>The cost of goods sold for your business is calculated by adding inventory purchases, labor, materials and supplies, and other costs to your beginning inventory, and subtracting your inventory at the end of the year.</p>
  6.         <p>Examples of expenses categorized as "other costs" for a manufacturing or mining business include:</p>
  7.         <ul>
  8.             <li>Freight-in, express-in and cartage-in on materials, supplies, and inventory purchases.</li>
  9.             <li>Overhead that is a direct and necessary expense of the manufacturing operation, such as rent, heat, light, power, insurance, depreciation, taxes, maintenance, labor, and supervision.</li>
  10.         </ul>
  11.         <p>For more information, see IRS Publication 334, Tax Guide for Small Business, Chapter 6, on the <alink type="xtnl" href="http://www.irs.gov">IRS Web site</alink> or talk to your accountant.</p>
  12.     </content>
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  15.         <include href="FindoutifImeligibleforadeduction.xml#xpointer(*/index/klink)"/>
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  19.     </footer>
  20. </topic>
  21.