Where does inventory get placed on a budgeted income statement?
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Where does inventory get placed on a budgeted income statement?
Inventory does not go on an income statement or a budgeted income statement because it is a balance sheet account.
However cost of goods sold does go on an income statement and a budgeted income statement. Cost of Goods Sold is the cost of inventory that is sold or expected to be sold during the accounting period.
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