Buying t-shirt at wholesale price, and reselling at higher price

roccodesignsroccodesigns Member Posts: 2

I buy t-shirts at wholesale price [$3 per unit], and print and make designs on them and resell them at a higher price [$20 per unit]. What are the steps to add that to my accounts? Do I add the value they are worth at wholesale price under my inventory? How Do I account for cost of goods sold?

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