QB Issue Resolution:
Have used QB and its Inventory averaging cost method for some 20 Years with my clients and have had many IRS audits with never any questions/changes on this accepted method.
Resolution for Issue 'Is the average cost method an acceptable method for tracking Cost of Goods Sold?' available: Yes (Solved).
Source: Intuit Community forum.
Is the average cost method an acceptable method for tracking Cost of Goods Sold?: 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 Cost of Goods Sold
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Error Recovery for Cost of Goods Sold [Canada]
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