Hi, 

I am doing the accounting for a brewery. The brewery buys cans and ingredients to make beer and sell it as a new product. These purchases are expensed and reflected on the P&L report. Obviously these purchases make up the cost of the can of beer. This is where the problem comes into play. 

I am trying to enter the cost per can so it can be reflected on our balance sheet and accurately reflect the inventory assets that we have on hand. However, when I enter the cost per can, it shows up on our balance sheet, but also on our P&L as COGS. But we have already entered the invoices we have paid to suppliers for ingredients to produce the cans, so it doubles our COGS and overstates our expenses. 

Any help would be excellent. 

Thank you!