1. not directly, you can do it with a work around
create a cash type account called clearing
use inventory adjust, set the adjusting account to clearing and lower the qty of the raw material
use the cash clearing to “buy” the finished inventory item

2. Farmers and Ranchers have special IRS rule, get […]

Resolution for 'cost inventory item issue: 'Does QBO allow stock quantity transfer from one product(item) to another product (item)' available: Yes.

The cost inventory item 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 cost inventory item issue yourself by looking for a resolution described in the article. If it is a complex cost inventory item issue or you are unable to solve the issue, you may contact us by clicking here or by using other cost inventory item support options.

For more information about resolving issues related to cost inventory item in Quickbooks/QBO or to get support for the issue 'Does QBO allow stock quantity transfer from one product(item) to another product (item)', click the link below: