Hi. I had an item with cost $2.50 then I used it up in another item cost $1.50 I need to merge two of these items into single that costs me $4 now. How could I do so? Thx

You do not merge inventory type items

there is no assembly item in QBO so you can not use those two items to make a new one

best  you can do is create a bundle item, include those two items and set it to not print the items

Hi Rustler. I appreciate your response. I realize there's no way to bundle. I'm trying to figure our the accounting way to transfer cost of one item into another one. For example i buy two items, both of them increase my inventory asset account. Item A $100, item B $50 my total asset is $150. Now what I need to do is move A into B but arrive at the same $150 asset value but no longer have A. I think it's doable some way in accounting/journaling. I know I can't journal on inventory because it has to account for quantities. So that's sort of my question. Thanks!

I figured out the solution to my question of merging two SKUs costs into one. I created a Clearing Asset account. I adjusted quantity of A to zero by moving it's value to this Clearing Asset. That now has my value and the quantity of A is gone. Next I find invoice for B that was already paid and increase it's rate by the merged rate of A and B but in Services field of invoice I reduce this invoice to the original invoiced amount and use Clearing Asset as account to post the negative amount from. As a result, Clearing asset goes down by the merged value, invoice showing correct AP as paid and my B COGS are the sum of A and B on books. Done.