I’ve got some information to share with you, @k-handler.
QuickBooks always considers the first items you purchase as the first items you sell. Also known as the FIFO process, where the value was taken from the oldest unsold item. In which the program will still utilize the old value when making transactions.
If it needs to adjust the COGs, then you’ll want to adjust the purchase transaction itself. Changing the starting value only affects the initial value of your inventory.
I have here resources that give you more information about inventory management in QuickBooks. It provides the right ways to handle your business essentials.
Message us here if you have additional inventory questions or concerns. We’re always here anytime to help. Keep safe.
