assuming inventory: I entered a vendor bill with 3 items at a cost of $19.52 that currently had 0 quantity at a cost of $21.90 in the products list. The product list still shows $21.90.
because the cost in the product list is for reference it is not the cost that posts to COGS when you sell the item (assuming inventory is used correctly)
QBO keeps FIFO cost, first in first out, so cost of the item that sells is determined by the purchase date. ie
1/2/xx […]
Resolution for 'assuming inventory issue: 'I entered a vendor bill with 3 items at a cost of $19.52 that currently had 0 quantity at a cost of $21.90 in the products list. The product list still shows $21.90.' available: Yes.
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