[Northviewcats]

Hello Everyone,

I have a question for the accountants on the board. I've been collecting as a hobby for many years, buying and selling to build a prewar collection. I don't have documentation for what I have paid for my cards, but now I want to use some of my collection as inventory to start a small business. What is the correct way for determining the cost of the inventory for a profit and loss statement?

I appreciate any advice.

Thanks,

Joe