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If so, how do you account for your inventory cost and values? Do you do this at time of receipt or at time of sale?
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Are you holding other people's items on consignment or are you sending items to customers on consignment?
There is a liability involved either way and the value/cost of the inventory needs to be tracked through the entire process.
Tell me which process (incomming or outgoing consignment) you are using and I will give you my thoughts on tracking the items.
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