@krissenior 

Something's off obviously.  QBO is posting a reduction in COGS for that item instead of posting it to revenue.  I suspect that somewhere along the way, this item was not received properly or an adjustment was made.  Can you run an Inventory Valuation Detail Report and post a screenshot just for that item?  It would be great if you could post the report all the way back to the beginning of when you started receiving that item in stock.