Hello @TOM_G,

We want to help you with your questions about the costs shown in the Profit and Loss report. However, we need more information about it to provide the correct resolution and to get this sorted out promptly.

Can you share with us how you expense the cost, as well as how you sold the items? This way, we'll be able to check why you're getting that outcome on your end. If you could provide some screenshots, it would greatly help.

In the meantime, you can check this article for additional guidance on using journal entries to correct accounts in QuickBooks: Create journal entries in QuickBooks Online.

Please know that you're always welcome to post questions in this space. Have a great day ahead.