When would breezy recognize the cost of the ingredients

Reference no: EM133370035

Question: Breezy's Bakery makes and sells cookies (likely burnt). On September 1st, 2022, she purchases ingredients for the cookies from Schnuck's for a total cost of $80. On September 3rd, 2022, Breezy uses all the ingredients purchased two days prior to make the cookies (yep, she burnt them). On September 6th, 2022, Breezy sells all the cookies she made on the 3rd. When would Breezy recognize the cost of the ingredients as an expense? Explain your reasoning.

Reference no: EM133370035

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