QB Issue Resolution:

At times, you may pay more for some units of a given product than for other units due to price fluctuations. When this happens, QuickBooks Online uses a method called First in First out (FIFO) to manage the cost accounting as you sell units of that product. The cost of your stock will not change as long as there are remaining quantities on the previous purchase/restocking of the stock item.

You can run a report to view your cost of sales on a certain product item on the Product and Services page. Look for the stock item you wish to run a report on and click on the drop-down arrow. Choose Run Report on the drop-down menu to run the report. There, you can see the cost and the sales of that particular inventory item.

Resolution for Issue 'I’m using QB online to track our stock, but i found that the cost of sales doesn’t use “First in First out”. It use the original cost i set for begin balance.' available: Yes (Solved).
Source: Intuit Community forum.

I’m using QB online to track our stock, but i found that the cost of sales doesn’t use “First in First out”. It use the original cost i set for begin balance.: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

Support for inventory item
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Error Recovery for inventory item [Canada]
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