Hi! Thank you for your reply. I entered cost per can by going into sales-products and services-clicking edit on our inventory item (can of beer)-and entering a cost. Then as long as the item is in stock, it is reflected as an inventory asset at cost. The cost per can is predetermined by the breakdown of raw material expenses. 

The issue about recording cogs when purchased is for example, we will purchase $5000 worth of cans, $7000 worth of ingredients, and $1000 worth of beer gas, which we record as bill and mark the bill as paid, but we havent actually sold those raw materials yet. so in theory, it should be an asset, but it gets converted to cans of beer and sold over time.

I was thinking potentially I could enter a journal entry every week to debit what is in stock for inventory (to reflect on the balance sheet) and credit COGS (to reduce what is being expensed, until it is sold). Then I could adjust moving forward weekly. Would that be okay? We sell cans through our store (which come through to QB from our sales app), as well as to licensees (which we invoice from QB ourselves), so it would be difficult to manage which cans are sold vs what is in stock using QB only.