Catherine_B
QuickBooks Team

Reports and accounting

Hi there, kim-z. 

 

QuickBooks would first base on when the item was purchased. Since you recorded a bill and the items on the same date, QuickBooks will get the most items available. In your case, QuickBooks can accommodate Qty= 15 on the Rate=6. 

 

Here's an article that will guide you what FIFO is and how is it used for inventory cost accounting

 

Get back to me if you have further concerns. 

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