I am working with a retail company the sell items from their stores that have been received not invoiced on a regular bases. When we run the retail statement, the COGS does not show up for the sale. When the invoice the items sold the COGS still is not showing up. When we close inventory the COGS does show up. We are using Average cost for most items but for these items we are trying to use FIFO.
Is there a way to show the cost of goods for items sold after they are received but prior to the invoicing?
The interesting point is if I sell an item that is not in the stores inventory, the physical inventory goes to negative and I get a COGS on the store statement so I would have expected to have the same results selling items received not invoiced
