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Buy nowThank you for the quick response. I understand the concept of FIFO. I actually carry very little inventory, but instead order an item as needed and sell it. For this item I was able to correct the issue by changing the date of the invoice which preceded the bill (inventory increase). However, I have another situation that also had the invoice date prior to the bill, but changing the Invoice date did not correct the issue. To be clear I had none of these items in stock as seen in the picture below. The last ones I sold were in Oct of 23.
So why is QB adjusting the cost?