[Jewelry making - Article 00050] - Re: [Orchid] Refining scrap

[Don Rogers]

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    Cindy, I'm not an accountant, but the basic formula for profit is.
    what did it cost you, and what did you sell it for. 

    For scrap, the cost was built into the item you made that created
    the cost.  So the "what did you sell it for" seems to be pure
    profit.  If you treat it as such, provided that you accounted for
    the cost correctly. you should be on firm ground.  Again, I am not
    an accountant, and this is my 2 cents worth. 

    Don  

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