> This would increment the number on hand up to zero, but I am not sure of
> any GAAP repercussions!!
It would also associate $0 cost of goods sold with the last purchase of the
part. This may not be desirable, and might also make you pay additional
taxes since your COGS would be underreported. I would probably not make a
habit of correcting things this way. You want to have a good idea why this
is occurring.
Best Wishes,
Chris Travers
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