cancel
Showing results for 
Search instead for 
Did you mean: 

Reply to message

View discussion in a popup

Replying to:
Catherine_B
QuickBooks Team

Reply to message

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. 

View solution in original post

Need to get in touch?

Contact us