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I but ribbon in large rolls and sell it in small rolls, would the large rolls be cost of goods or supplies

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Cost of goods. Supplies are somethings that you use for your business, but do not sell these supplies to make a profit

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FunnyLittleFrog

You aren't using them in your business, so they aren't supplies. That is your inventory.

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inventory until sold then cost of goods sold.

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define "but"

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