I've been in business for a few years now, but 2021 is my first year using quickbooks, so not all of my transactions are in QBO. I had a client return an item in January 2021 that was purchased in December 2020. I entered the original 2020 transaction (and corresponding inventory) in quickbooks. I entered a credit memo for the returned product. The COGS on my reports for the returned item is incorrect (I had two lots of this inventory item, one with a cost of $12, and one with a cost of $15). The original transaction shows she purchased the item with a COGS of $15 (which is correct), but when I return it the COGS is $12. Is there a way to correct this?
