NOTE 4: SIGNIFICANT ACCOUNTING POLICIES: Cost of Sales (Policies)
|9 Months Ended|
Sep. 30, 2018
|Cost of Sales||
Cost of Sales
Cost of sales includes the purchase cost of products sold and all costs associated with getting the products to the customers including buying and transportation costs.
Disclosure of accounting policy for recognition of costs in the period which correspond to the sales and revenue categories presented in the statement of operations. The accounting policy may include the amount and nature of costs incurred, provisions associated with inventories, purchase discounts, freight and other costs included in cost of sales incurred and recorded in the period. This disclosure also includes the nature of costs of sales incurred and recorded in the statement of operations for the period relating to transactions with related parties.
Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef